Effective dispute resolution and fraud risk management: Bridging the gap between vision and reality

 

 

Wednesday, April 12, 2017

Session: 3:30 PM TO 6:00 PM (IST)

VENUE: Golden Room, Taj Krishna, Road No. 1, Banjara Hills, Hyderabad 500034, Telengana

Introduction

The act of fraud poses a tremendous threat to the very existence of organizations today. Fraudulent acts triggering monetary losses, reputational damage and in extreme instances causing organizations to crumble are commonplace. There has been an increased complexity in fraudulent acts seen and magnitude of their impact. This, combined with heightened regulatory pressure, has brought fraud risk management to centrestage. Organizations are relooking at their anti-fraud programs to ensure that they meet the desired criteria and that preventive measures are in place. 

In dispute situations, parties increasingly prefer to bypass the traditional, overburdened courts in favour of alternative dispute resolution methods. This is done in the interest of time, costs and most importantly, efficacious outcomes. With the advent of the recent amendments to the Arbitration & Conciliation Act, 1996, dispute resolution in India has evolved.

Owing to the complex mesh of laws and regulations and their associated regulatory and legal challenges coupled with an ever-growing need for transparency and accountability, Indian organizations recognize the need to adopt effective controls and dispute resolution strategies.

Nishith Desai Associates and Grant Thornton cordially invite you to a round table to discuss fraud risk management and effective dispute resolution techniques. 

Flow of the session

3:30 PM–4:00 PM :

Registration

4:00 PM–4:45 PM :

Session I

Effective dispute resolution techniques including a renewed thrust on alternative dispute resolution: Focus on the amendments to the Arbitration & Conciliation Act, 1996 

4:45 PM–5:00 PM :

Refreshments

5:00 PM–5:45 PM :

Session II

The economic crime called Fraud: a real and rising threat

  • Understanding the universe of "FRAUD"

  • Fraud detection: what you need to know?

  • Uncovering the nuances of an effective fraud risk management program 

5:45 PM–6:00 PM :

Q & A

Speakers

Vidya Rajarao

Partner and National leader, Forensic & Investigation Services, Grant Thornton India LLP

Vidya is a partner and leads the Forensic practice at the firm.

Vidya specializes in large, multinational, complex litigation and investigation assignments, including internal investigations, forensic accounting investigations as well as arbitrations and resolution of post-acquisition purchase price disputes. She has significant experience in leading numerous forensic accounting assignments, anti-corruption and fraud investigations that require the reconstruction of complex financial records, as well as regulatory proceeding matters involving SEC investigations and NASD self-assessments. She is the sole India nominee in the International Who's Who of Arbitration Expert Witnesses 2014, an Associate member of the Institute of Chartered Accountants of India (ICAI). She is a Certified Fraud Examiner, and an active member of the Anti-Corruption Committee of the American Chamber of Commerce in India and the ICC Young Arbitrators Forum. 

Samir Paranjape

Partner, Forensic & Investigation Services, Grant Thornton India LLP

Samir is a partner based in Mumbai and heads the western India region for FIS.

Samir specializes in carrying out large complex investigations in diverse sectors. He is also a financial services sector specialist with experience across the different sub streams of financial industry across India, the Americas and continental Europe He has been involved in sensitive, high profile and marquee engagements which have involved working in close coordination with the different regulatory agencies such as SEBI, RBI as well as the Enforcement Directorate and CBI. Samir has completed his Bachelor’s Degree in Commerce and has a post graduate degree in management from the Indian Institute of Management, Kozhikode. He has also attended a management development program from INSEAD, France. 

JLN Murthy

Advocate

JLN Murthy is the Regional Centre In charge & Secretary of International Centre for Alternative Dispute Resolution (ICADR), Regional Centre, Hyderabad since October, 2014. He has expertise in diverse sectors ranging from IPR to competition law and arbitration. He is the legal advisor to the World Bank and a legal consultant to the United Nations Development Program. Having been a counsel/ mediator in a multitude of international and domestic disputes, Mr. Murthy also trains varied members of the legal community. He is a regular trainer at the Telangana State Police Academy and trained more than 1,800 District Judges, 3,000 Advocates, and 42 Corporates on several issues. He is also a representative of the American Bar Association at both the Bar Council of India and the Supreme Court Bar.

Sahil Kanuga

Co-head, Int’l Litigation and Dispute Resolution Practice, Nishith Desai Associates

Sahil is a senior member of the International Litigation & Dispute Resolution Practice at Nishith Desai Associates, a multi-skilled, research-based law firm. He has worked on Indian and international arbitrations, and has advised on corporate and commercial laws, civil and constitutional matters and criminal offences. Sahil has also negotiated private equity and joint venture transactions. He regularly participates in domestic and international conferences and has also conducted training sessions for in-house legal teams. His articles have been published in several reputed legal journals. Sahil holds a master’s degree in business laws from Mumbai University. He is a member of the Bar Council of Maharashtra & Goa and has served as Secretary of the Western India Users’ Council of LCIA India. 

Kshama Loya Modani

Senior Member , Int’l Litigation and Dispute Resolution Practice, Nishith Desai Associates

Kshama focusses on international arbitration, litigation and pre-litigation strategies and has handled complex civil, criminal and commercial disputes. Kshama has appeared in various High Courts and Tribunals, and has conducted several arbitrations. Kshama holds an LL.M. in International Commercial Laws from King’s College London and postgraduate diploma on Negotiation & Dispute Resolution from Harvard Law School. She has taken specialized courses in International Investment Law from World Trade Institute, Switzerland and has taught advocacy skills to students in London. She has worked in London in the field of international commercial and investment arbitration. Kshama also serves as an arbitrator in various international arbitration moot competitions organized outside India since 2012. 

Partner Organization

Grant Thornton India LLP is a leading professional services firm providing assurance, tax and advisory services to dynamic Indian businesses. “The firm’s mission is to be the adviser of choice to dynamic Indian businesses with global ambitions.”

With a partner led approach and sound technical expertise the Firm has extensive experience across many industries and businesses of various sizes. We provide focused practice groups in a range of industries, sectors and market segments. Moreover, with our robust compliance solutions and ability to navigate complexities we help dynamic organisations unlock their potential for growth through global expansion, global capital or global acquisitions.

Today, the Firm is recognised as one of the largest accountancy and advisory firms in India with our professional staff in New Delhi, Bengaluru, Chandigarh, Chennai, Gurgaon, Hyderabad, Kolkata, Mumbai and Pune, and affiliate arrangements in most of the major towns and cities across the country.

We provide meaningful, actionable advice, every step of the way.