Established in 2017, the Law Offices of Panag & Babu has roots in white-collar crime, compliance and investigations. It has a notable regulatory practice as well, tackling issues in data privacy, technology and telecommunications, corporate advisory and structure transactions. The team provides advice on a broad array of transactions related to technology, licensing arrangements, data transfers, digital solutions and services, including software, a variety of “as-a-service solutions”, distributed ledger and blockchain, cryptocurrency, non-fungible tokens, and other digital assets, the metaverse, artificial intelligence and open-source software. The key contact for this non-contentious work is partner Akash Karmakar.
Client feedback
"Very clear and sound advice provided and transparent in their working." – Privacy and data protection
"Listens to our problems and provides bespoke solutions rather than templated answers which other law firms do." – Regulatory
"The firm understands technology and the internet of things. Their advice is thus not merely legal but strategic and commercial as well. Akash Karmakar is a true thought-leader, and we are very grateful to have his counsel, as he is a true partner and strategic advisor. Unfortunately, most Indian law firms restrict themselves to only privacy law which is not the need of the hour for organizations like us." – Technology and telecommunications
Akash Karmakar
"He listens well, demonstrates empathy, comes prepared, proposes solutions that offer long-term benefits, and explains concepts clearly."
"Very knowledgeable and clear on the law and the aspects affecting the industry. Very reliable and trustworthy."
"Akash Karmakar is a true thought leader in the TMT space and is probably the best lawyer I have worked with. He gets into the weeds of the matter, has exceptional experience and becomes a sounding board during deals in a way nobody else in India can."
Work highlights
Represented a leading defence equipment manufacturer in connection with a high-profile legacy investigation initiated by the India’s Central Bureau of Investigation. This ongoing matter involves complex legal considerations related to the procurement of trainer jets by the Indian Government.
Assisted a China-headquartered cloud service regarding various product offerings, assisting them in navigating the regulatory landscape surrounding gaming and cloud services in India.
Work highlights
Advised a fintech company in procuring a payment aggregator cross-border licence in India, facilitating their ability to offer payment services for cross-border transactions.
Conducted an internal investigation for a US-based global manufacturing company concerning allegations of bribery and fraud within its Indian subsidiaries.
