Sherbir Panag

Practice Areas

Governance, Investigations & White-Collar Crime Defense

Complex Disputes & International Arbitration

Career

Sherbir Panag is the chair of Panag & Babu’s, internationally acclaimed and highly respected – Governance, Investigations & White Collar Defense and is India’s pre-eminent white-collar crimes practitioner. Sherbir’s practice has consistently been listed as a market leader for white-collar crimes in India and is ranked by Who’s Who Legal, Global Investigations Review, Chambers & Partners and the Legal 500.

Sherbir has deep experience in crisis management, defending multinational companies, conducting complex internal investigations, as well as counselling clients on navigating India in a compliant manner.

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; criminal misconduct and prosecution under maritime / admiralty laws; and violation of corporate governance and corporate policy norms.

Sherbir is an overseas door tenant with the Foundry Chambers in the United Kingdom and is also a founder of the Concilium Network – an international network of highly acclaimed white-collar crime law firms.

Sherbir’s public service includes being a member of the B20 India’s Digital Transformation Taskforce and the Bureau of Indian Standards committee drafting an India anti-corruption standard. He previously served on the B20 Indonesia’s Integrity and Compliance Taskforce and as the Vice Chairman of the Alliance for Integrity’s Advisory Group (an initiative by the Deutsche Gesellschaft für Internationale Zusammenarbeit’s (GIZ)).

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 and the Forbes Business Council. He regularly lectures and writes on the subject of white-collar crime, corporate governance and business ethics.

Professional Memberships

Sherbir is an overseas door tenant with the Foundry Chambers in the United Kingdom and is also a founder of the Concilium Network – an international network of highly acclaimed white-collar crime law firms.

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).

Publications

The NFRA Circular and Auditors’ Duty to Report Fraud in India

Anti-Corruption Report

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The Practitioner's Guide to Global Investigations 2023 & 2024

Global Investigations Review

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GTDT Guide to Anti-Bribery and Corruption 2024

Lexology

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Disappearing messages: updating best practices

International Bar Association

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How to Customize Your Compliance Program in Response to India’s Updated Anti-Corruption Legislation

The Anti-Corruption Report

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Anti-Bribery and FCPA Compliance Guide for U.S. Companies Doing Business in India

Foley & Lardner LLP

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Ten Tips for Performing Effective Anti-Corruption Investigations in India

The FCPA Report

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Extradition Guide for India

Global Investigations Review

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Employee Terminations Stemming from Internal Investigations- Perspectives from the United States, Peru, Poland, Lithuania, Estonia and India

Foley & Lardner LLP

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Anti-Bribery Compliance meets Permits, Approvals and Licenses in India

IBA Anti-Corruption Committee

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Differences in the Application of the Attorney-Client Privilege in Different Jurisdictions and the Impact on Global Internal Investigations

The Society of Corporate Compliance and Ethics

Languages Spoken

English

Hindi

Punjabi

Expert in these Jurisdictions

India

Awards