Rishabh Shroff

Practice Areas

Rishabh is a Partner in the Corporate practice and Co-Head of the Private Client practice at the Firm, specializing in family constitutions and settlements, trusts, wills and succession planning. He provides succession, taxation, estate and wealth planning advice for wealthy individuals and their families, who are often promoters of large family businesses. He provides related advice to trustees and other private client service providers, such as family offices and institutional / corporate trustees.

Rishabh advises on a number of issues, including the creation and management of domestic trusts, and has experience of advising both trustees and beneficiaries in relation to their relative rights, responsibilities and obligations. He is experienced in the drafting and creation of inter-vivos trusts and their constitutional mechanisms, and has experience in dealing with complex issues such as settler reserved powers, protector powers and appointment mechanisms. He also frequently advises on complex issues arising under the Indian exchange control regime (including in respect of Non Resident Indians and foreign trusts and companies), SEBI Takeover Regulations and the SEBI Listing Agreement etc.

Rishabh is involved in the setting up and administration of a number of bespoke private trust companies in India. He also advises on a number of charitable and philanthropic endeavours, including on India’s statutory Corporate Social Responsibility regime.

Rishabh was featured in detail in a landmark publication on family business and the next generation of corporate India, “The Inheritors: Stories of Entrepreneurship and Success” by Sonu Bhasin (Penguin Books, November 2017)2. The said book talks about his journey in his own business, and how those personal experiences have help him better understand the dynamics between family & business.

Career

Rishabh specializes in foreign investments into India, private mergers & acquisitions and joint venture transactions. He had worked in the Firm’s Projects & Projects Finance (infrastructure) team for 2 years (2007 - 2009).

Rishabh is the Co-Head of the Firm’s Japan Desk, and works very frequently with many Japanese clients. He has been part of the Japan Desk for over 13+ years, and during this time has advised a number of leading Japanese and international companies on their investments into India. He is responsible for managing the Indo-Japanese transactions handled by the Firm, and for building and maintaining relationships with its clients in Japan. He regularly travels to Japan for speaking and participating in various Indian focused seminars.

Rishabh had worked for 3 months in Homburger AG (Zurich) in 2008 as part of a Secondment Program between the Firm and Homburger AG. He was also seconded to Withers LLP (London) in August 2013 for 4 months, and to Cravath, Swaine & Moore LLP (New York) in July 2007 for 5 months.

Professional Memberships

Chair, Maharashtra Chapter, FICCI Young Leaders Forum

Senior Committee Member, Confederation of Indian Industry (CII) Western Region Family Business (FBN) Committee

Trust & Estate Practitioner (TEP), Society of Trust Estate Practitioners (STEP)

Former Founder / Director and Senior Member of ‘STEP Estate Planning India Private Limited’, the Indian Chapter of STEP

Member, International Bar Associate India Working Group

Head, International Business Development at the Firm

Publications

Regular / monthly columnist in the Mint Newspaper (https://www.livemint.com/), covering topics of personal finance, succession and estate planning

“Like Son, Like Daughter”, published in the Trust Quarterly Review, Vol 18, Issue 4

Published extensively across various STEP global publications and newsletters

Quoted and published extensively in the Economic Times, Mint Newspaper, Business Standard etc

General Editor, ‘enTrusted’, the Firm’s flagship and bespoke publication on family business, estate and succession planning

General Editor, ‘Shinkansen to India’, the Firm’s flagship and bespoke publication dedicated for its Japanese clients

Rishabh also frequently publishes various articles on the Firm’s Blog: http://privateclient.cyrilamarchandblogs.com/

Other older publications include: “Budget 2013: Will India’s proposed inheritance tax be a ‘heir’ raising experience?” (Economic Times, February 28, 2012); “Succession Planning in Family/Promoter driven companies” (Spencer Stuart Board Index 2012); “The Evolving Role of Marwari Women in Business” (Marwar Magazine, March / April 2015 Edition); The International Comparative Legal Guide to: Private Client (2015 and 2016 Editions); Private Wealth Guide for Asia (Indian Chapter) (2012); “Rapid wealth creation fuels fast growth for India’s advisors”, (Citywealth Magazine (UK), September 2015).

Personal

Rishabh is the Philanthropy Ambassador for WWF India (https://www.wwfindia.org/). As an active philanthropist and someone who is deeply concerned about the environment, Rishabh works closely with WWF India on various policies, initiatives and activities across the year, including on matters of environmental policies and changes.

Rishabh is a keen writer, and hopes to release a number of publications in the area of Private Client law in the near future. When he is not writing, Rishabh can be found reading, travelling extensively, playing the piano or playing badminton.