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Creditors of China Evergrande Group, who are owed $45 billion, are now facing a more complicated process to recover even a fraction of their money as the company undergoes one of China's largest liquidations.
Liquidators for China Evergrande Group have filed a lawsuit in Hong Kong seeking $8.4 billion from accounting firm PwC. The claim accuses PwC of negligence in its audits of the embattled property developer.
The Hong Kong High Court is scheduled to hear the lawsuit filed by China Evergrande Group's liquidators against PricewaterhouseCoopers (PwC) International on Monday. The one-day hearing is listed on the judiciary's website.