There is no doubt that Brazil is greatly endowed with resources. However, the fact is sometimes subsumed in the action by leading business people closely associated with politicians and politicians themselves. Many reports have indicated that there are assets worth billions tucked away in foreign countries. The law number 13254 of 2016 was enacted to make it easier for the country to recover the illegally acquired assets. In his view, Ricardo Tosto, who is also a Founding Partner at Leite Tosto and Barros, a large law firm in Brazil, the new framework is going to help to speed up the process of repatriating assets , apart from providing a platform to lawyers from Brazil and other countries to share and exchange legal ideas on how best to implement the repatriation of assets.
Other legal Experts Supporting the Law
Nelson William Advogados is a partner at Leite, Tosto, and Barros. He also thinks that the law provides an avenue for faster implementation of the intended action of returning Brazilian assets. Similarly, Gil Vicente of Advogados Associates says that the law offers a chance to bridge the gap between the Brazilian lawyers and foreign lawyers in pertinent subtleties in the implementation of repatriation of resources. Gama is of the view that collaboration between the lawyers from the countries affected and Brazilian lawyers will help to facilitate faster documentation and streamlining, or overcoming of legal obstacles on either side.
Ricardo Tosto; Education and Career Growth
He was trained at the Presbyterian University where he studied and graduated with a Bachelor of Laws degree. Ricardo has been featured in some of the leading magazines and newspapers in Brazil. He started a law firm that he named Leite Tosto and Barros from humble beginnings but it is now one of the leading law firms in Brazil. The law firm now handles some of the high profile cases that arise in Brazil. Ricardo’s firm was among the first to organize class action suits in Brazil. Its leading role in the legal circles has attracted many clients its way. Leite Tosto and Barros also have a team of over 35 lawyers that it assigns pro bono cases as they use them to delve deeper into the world of litigation and practice in law.