Karas, Jason Demetrios
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.
Re Mark Taylor Simpson QC
HK Court of First Instance, 31-Oct-2019
The liquidators of China Forestry Holdings Co Ltd apply to admit a UK silk to help them sue KPMG, the auditor, for over HK$1.3bn. Acting Chief Judge Jeremy Poon rejects the proposition that Solicitor-Advocates, who now have rights of audience, are an acceptable alternative to junior barristers to assist the QC. The Bar Council sent 2 Senior Counsel and 2 juniors to oppose the application, while the Secretary for Justice supported it. The quasi-trade union wins. Mr Simpson must be assisted by local barristers.
HK Court of First Instance, 31-Oct-2019
The liquidators of China Forestry Holdings Co Ltd apply to admit a UK silk to help them sue KPMG, the auditor, for over HK$1.3bn. Acting Chief Judge Jeremy Poon rejects the proposition that Solicitor-Advocates, who now have rights of audience, are an acceptable alternative to junior barristers to assist the QC. The Bar Council sent 2 Senior Counsel and 2 juniors to oppose the application, while the Secretary for Justice supported it. The quasi-trade union wins. Mr Simpson must be assisted by local barristers.
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