China Evergrande Group’s liquidators seek a judicial review of a settlement agreement involving the Securities and Futures Commission (SFC) and PricewaterhouseCoopers (PwC) Hong Kong. Bloomberg reports that the liquidators are asking the Hong Kong court to review a HK$1 billion (about US$127.6 million) shareholder compensation deal reached with PwC Hong Kong. The South China Morning Post adds that the dispute centers on a regulator settlement that the liquidators say leaves creditors HK$1 billion worse off.
According to the Post, the liquidators file a writ in the Hong Kong High Court seeking leave to apply for judicial review of the SFC’s agreement with PwC Hong Kong. They also seek an order to prevent the implementation of the settlement, as referenced in the court document released on Monday.
The two reports align on the parties involved—the Evergrande liquidators, the SFC, and PwC Hong Kong—and on the size of the compensation arrangement. Both characterize the matter as an ongoing legal challenge in Hong Kong.
