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
Sherbir is currently a member of Bureau of
Indian Standards committee drafting an India anti corruption standard and 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.