Overview of Practice

Sherbir Panag is the chair of Panag & Babu’s, internationally acclaimed and highly respected – Compliance and Investigations Practice.  Sherbir has deep experience in defending multinational companies  and conducting internal investigations in matters involving criminal and regulatory proceedings, as well as counselling clients on navigating India in a compliant manner. Sherbir’s practice has consistently been listed as a market leader for white collar crime in India and is ranked  by Who’s Who Legal, Global Investigations Review, Chambers & Partners and the Legal 500.

Through the course of his career, Sherbir has helped multinational companies across sectors, address their complex and sensitive issues. Sherbir has led investigations and acted as defence counsel in some of India’s most high profile cases, which have also had an interplay with law enforcement in the United States, Europe and Asia. These matters have involved allegations of bribery and other misconduct under Indian and foreign anti-corruption laws such as the U.S. Foreign Corrupt Practices Act, U.K. Bribery Act; financial and regulatory fraud (e.g., non-performing assets / loan impairment, tax evasion, insolvency and bankruptcy proceedings); procurement fraud; infrastructure fraud (e.g., misuse of development funds sanctioned by multilateral development banks); violation of sanctions laws; and violation of corporate governance and corporate policy norms.

Sherbir is a Senior Fellow at the Wharton School’s Carol and Lawrence Zicklin Center for Business Ethics Research and is a member of Cornell University’s – Meridian 180. He regularly lectures and writes on subjects on the subject of white-collar crime, compliance and business ethics.

Sherbir is a member of the Forbes Business Council and also of the Bureau of Indian Standards committee drafting an India anti corruption standard. He was formerly part of the International Bar Association’s anti-corruption expert group that made a submission on Australia’s foreign bribery laws to the Australian Senate Economics Reference Committee. Sherbir also served as the Vice Chairman of the Alliance for Integrity’s Advisory Group an initiative by the Deutsche Gesellschaft für Internationale Zusammenarbeit’s (GIZ).

Prior to founding the Law Offices of Panag & Babu, Sherbir was a partner at MZM Legal in Mumbai and served as a Director of the Roxin Alliance.

Professional Listings

Listed by Who’s Who Legal and Global Investigations Review as a Thought Leader for Business Crime Defence (Corporates) in the WWL: Thought Leaders – GIR 2019 and 2020.

Recommended by Chambers and Partners as a ‘Leading Lawyer for White Collar Crime’ in the Asia Pacific for the years 2015, 2016, 2017, 2018, 2019 and 2020.

Listed by Who’s Who Legal as an expert for Business Crime Defence: Corporates in 2018, 2019 and 2020.

Listed as one of the ‘40 under 40 Rising Stars of India’ by Legal Era Magazine in 2016.

Publications

Mentions in the Press