Back to Insights listing

Commercial disputes, Insolvency, International / offshoreFriday 27 January 2023

Dubai Financial Services Authority case features in BBC documentary

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:

Share by: Email

Related Insights View all thought leadership

  1. Placeholder

    Recent Cases

    Court of Appeal rejects jurisdiction challenge in Lebanese banking case

    Banking and financial services, Commercial disputes, International / offshore

    Bobby Friedman KC | Caspar Bartscherer
    Wednesday 13 May 2026

    View more
  2. Placeholder

    Events / Webinars

    Wilberforce Civil Fraud Conference 2026

    Tuesday 7 July 2026 | 1pm - 5.50pm, followed by drinks and canapés
    The View at Royal College of Surgeons, London

    ÂŁ165 + VAT | 3.0 CPD

    View more
  3. Placeholder

    External Conferences

    R3 Contentious Insolvency and Creditors Forum

    Thursday 16 July 2026
    BMA House, London

    Speakers:
    Daniel Petrides

    View more
  4. Placeholder

    Events / Webinars

    Cross-Border Perspectives on Insolvency and Fraud: Tools, Tactics and Strategic Enforcement Across Jurisdictions

    Friday 5 June 2026 | 9am - 10.30am
    Wilberforce Chambers, 77 Chancery Lane

    Free to attend

    LIDW 2026

    View more

View all thought leadership