Price Waterhouse (now PricewaterhouseCoopers) could face a tribunal before the end of the year to answer complaints laid by the Joint Disciplinary Scheme over its role as auditor of the collapsed Bank of Credit and Commerce International.
Details concerning the nature of the complaints have yet to be revealed, but the JDS is expected to publish them shortly.
The case has faced lengthy delays after executive counsel Chris Dickson was denied access to important material due to secrecy laws in the Cayman Islands. These bars have since been lifted, resulting in the laying of complaints against the firm.
Bank of Credit and Commerce International collapsed in 1991.