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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.

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