PwC International Can’t Exit Evergrande Case, HK Court Rules

A Hong Kong court has ruled that PricewaterhouseCoopers International Ltd. cannot be removed from a multibillion-dollar lawsuit. The legal action was initiated by liquidators of China Evergrande following the property giant's collapse. This decision allows liquidators to pursue PwC globally, including its Hong Kong and mainland Chinese affiliates. Legal experts suggest this ruling could potentially threaten the partnership network model utilized by Big Four firms, as the international entity remains liable for the actions of its affiliates.