PwC sued for negligence by former Brierley unit

Wed, 09 Dec 2020

PwC is defending allegations it gave negligent tax advice to former Brierley Investments unit BIL NZ Treasury.The big four accountant firm has fought to keep details of the dispute under wraps with the suit in early stages at the High Court at Wellington.BusinessDesk understands the allegations – made by BIL and associated entities including Singapore-listed GL Ltd - relate to PwC’s advice on structured finance transactions.It is not clear which years the proceeding relates to, but it was filed in 2019. Brierley Holdings Ltd was joi...

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