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Some PwC Partners Reportedly Take Steps to Protect Personal Assets Amid Fears of Impact from Evergrande Litigation; Some Consider Divorce
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The liquidation of China Evergrande Group has sparked concerns among some partners of its former auditor, PricewaterhouseCoopers China, over potential impacts on their personal finances, Bloomberg reported. Several partners at PwC’s Hong Kong and mainland China offices said they are assessing strategies to protect their personal assets, in case the legal and regulatory challenges faced by the firm ultimately result in financial or legal liabilities for them individually. Some partners have even considered divorce to safeguard assets, while another partner is cutting children’s education budgets. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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