Commercial disputes, Insolvency, International / offshoreFriday 27 January 2023
The Dubai Financial Services Authority has fined KPMG LLP $1.5m and its former audit partner $500,000 for failings in the audit of Abraaj Capital Limited. This is the largest fine ever imposed on an auditor by the DFSA. It is currently part of a BBC documentary into the collapse into insolvency of the Middle East’s largest private equity firm, Abraaj Capital (Billion Dollar Downfall) and is reported here.
Tom Robinson acted as sole counsel for the DFSA, including in hearings before the DIFC Courts to determine how principles of open justice apply to the regulatory regime in Dubai.
People to view:
Articles
Daniel Jukes has written a case note on Manta Penyez Shipping Inc and another v Zuhoor Alsaeed Foodstuff Company which has recently been published in LexisNexis. The decision of Cockerill J reinforces the ability of a non-party who is not... Read more
By Daniel Jukes
Monday 19 May 2025
External Conferences
2-6 June 2025
Various locations in London
Recent Cases
Insolvency
Graeme Halkerston
Tuesday 29 April 2025
Events / Webinars
Wednesday 2 July | 12.30pm - 5.30pm, followed by drinks and canapés
The Langham, Portland Place, London W1B 1JA
£155 + VAT
View more