HNA in court again, after Deloitte Advisory sues Shanghai unit for HK$4 million in unpaid fees
- Charges relate to an agreement made with HNA Technology in 2016, consultancy says
- HNA Technology has 14 days to make the payment or contest the writ
A unit of debt-laden Chinese conglomerate HNA Group has been hit with a lawsuit by Deloitte Advisory (Hong Kong), which is suing for HK$4 million (US$515,952) in unpaid service fees, according to a court document seen by the South China Morning Post.
Deloitte Advisory, a consultancy unit of “Big Four” international accounting firm Deloitte, submitted a writ on Friday to the Court of Instance at Hong Kong’s High Court against HNA Technology, formerly known as HNA Logistics Group, a Shanghai-based unit of the conglomerate.
Deloitte Advisory did not provide details of the services provided, and only said the charges were related to an agreement made with HNA Technology on March 16, 2016. HNA Technology has 14 days to make the payment or contest the writ, or Deloitte Advisory might take further action against the company, the court document said.
Deloitte declined to comment, while HNA Technology did not respond to an email seeking comment.
HNA Group continues to be hammered by the coronavirus pandemic. Its core aviation portfolio has been hit hard, with air traffic falling by more than 90 per cent globally in the past few months.