Reynolds Porter Chamberlain (HK)
Tenwow (ex-1219) v PwC HK & PwC Zhong Tian LLP
HK Court of First Instance, 30-Sep-2024
Justice Anthony Chan criticises the defence for "8 pages of dense arguments" which are not proper grounds of appeal. "A carpet-bombing strategy was adopted where every conceivable point is taken or reargued." He refuses leave to appeal but grants a 7-day stay so that PwC can appeal directly to the Court of Appeal.
HK Court of First Instance, 30-Sep-2024
Justice Anthony Chan criticises the defence for "8 pages of dense arguments" which are not proper grounds of appeal. "A carpet-bombing strategy was adopted where every conceivable point is taken or reargued." He refuses leave to appeal but grants a 7-day stay so that PwC can appeal directly to the Court of Appeal.
Tenwow (ex-1219) v PwC HK & PwC Zhong Tian LLP
HK Court of First Instance, 2-May-2024
Liquidators of the food and beverage maker allege negligence by PwC, the IPO accountants and auditors for 2013-2017, by failing to detect alleged defalcations, causing loss of RMB 3.1bn. PwC ZT claims it can't release 1500 audit documents without approval from mainland authorities and needs a Letter of Request from HK courts. Justice Anthony Chan rejects this.
HK Court of First Instance, 2-May-2024
Liquidators of the food and beverage maker allege negligence by PwC, the IPO accountants and auditors for 2013-2017, by failing to detect alleged defalcations, causing loss of RMB 3.1bn. PwC ZT claims it can't release 1500 audit documents without approval from mainland authorities and needs a Letter of Request from HK courts. Justice Anthony Chan rejects this.
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