Sherbir Panag has a stellar reputation and clients value from his “strong strategic understanding in pursuing litigation and disputes complemented by his business understanding”.
Sherbir Panag is the chair of Panag & Babu’s internationally acclaimed and highly respected compliance and investigations practice. Sherbir has deep experience 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 highest-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 US Foreign Corrupt Practices Act and the UK Bribery Act; financial and regulatory fraud (eg, non-performing assets/loan impairment, tax evasion, insolvency and bankruptcy proceedings); procurement fraud; infrastructure fraud (eg, 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 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 serves as the vice chairman of the Alliance for Integrity’s advisory group, an initiative by the German Society for International Cooperation (GIZ). Sherbir is currently a member of the Bureau of Indian Standards’ committee drafting an India anti-corruption standard, and a former member 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.