# Hong Kong Lawsuit

From Gatekeeper to Accomplice: The $7.8 Billion Legal Reckoning for PwC in China

Evergrande liquidators have launched a record $7.8 billion lawsuit against PwC, alleging the auditor facilitated a massive financial fraud that led to the developer's collapse. The case represents a potential existential threat to PwC's China operations and challenges the 'franchise' model of global accounting firms.