Sherbir Panag

Practice Areas

Compliance, Investigations & White-Collar Crime Defense

Commercial Litigation & Dispute Resolution

Career

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.

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 defense 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.

Professional Memberships

Sherbir was recently called to Foundry Chambers as an overseas associate tenant. As part of the multi-jurisdictional realm to the firm’s practice, Sherbir founded 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 Practitioner's Guide To Global Investigations 2023

Global Investigations Review

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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