Alvarez & Marsal
Coverage of Alvarez & Marsal in the Nexus archive.
- US advisory firm A&M looks to win rivals’ market share in Gulf
Alvarez & Marsal (A&M) aims to expand its Middle East business by five times, targeting growth in Saudi Arabia despite reduced consulting demand. The firm plans to capitalize on advisory opportunities in investment projects, mergers and acquisitions, and military manufacturing localization, while competing to win market share from rivals amid government spending cuts.
- Evergrande liquidators seek US$8.4 billion from PwC entities in Hong Kong lawsuit
Evergrande's liquidators are pursuing a lawsuit against three PwC entities in Hong Kong, seeking 57 billion yuan (US$8.4 billion) over alleged audit failures linked to the collapsed developer's accounting scandal. The claim is one of the largest corporate lawsuits filed in Hong Kong. Liquidators Tiffany Wong and Eddie Middleton of Alvarez & Marsal are targeting PwC International, PwC Hong Kong, and PwC China, arguing the global coordinating arm assumed responsibility for audits.