Evergrande vs PwC Network Claim & Recovery Pathway Analyzer

Claim Architecture Parameters

Pursue PwC International (UK Veil)

Global Veil Breach Probability 68%

PwC HK Local Cover Cap ($M) $450M

PwC Global Pool Allocation ($B) $1.20B

Target Estate Claim ($B) $2.80B

Litigation Reserve / Costs ($M) $65M

Admitted Creditor Pool ($B) $19.5B

Cross-Border Liability & Recovery Network (Interactive) Drag nodes to inspect entity conduits

High Court Leave Assessment

The Hong Kong High Court has granted leave permitting Evergrande liquidators to serve proceedings on PwC International Ltd (UK), unlocking a dual-track recovery pathway across both the local $450M insurance layer and the $1,200M global risk sharing pool.

Creditor Waterfall Schedule

Gross Liquidator Recovery $1,266M PwC HK + Global Pool

Net Distributable Pool $1,201M After litigation reserves

Creditor Dividend Rate 6.16% On $19.5B total claims

Global Veil Factor Active (68%) Extraterritorial route

PwC HK Local Cover $450M

PwC International Global Recovery $816M

Litigation & Enforcement Reserves -$65M

Net Creditor Distribution $1,201M

Methodology Note: Analyzes claim spillover from member-firm ring-fencing to Swiss verein / UK umbrella structures. Realized dividend reflects statutory waterfall under Cap. 32 Companies (WUMP) Ordinance.