Judge rules Evergrande liquidators can pursue PwC International for audit damages

A Hong Kong court has decided that liquidators for the collapsed Evergrande Group can seek damages from PwC International, the global umbrella organization for PricewaterhouseCoopers. This ruling could have significant implications for the "network model" of the Big Four accounting firms, which relies on a shared partnership structure across different national offices. It raises questions about the legal protections afforded to these global networks and the potential financial liabilities that may arise from audit failures. This case could influence how these firms operate and the level of scrutiny they face in the future.