Up-Close with Ricardo Tosto and How Brazilian Lawyers Have Adapted to the Emerging Needs of Brazil’s Legal System

Brazil’s economic and political climate has been a hot topic of discussion since 2015 and a major part of 2016. Aside from the domestic challenges faced by the government, coupled by progressively growing economy, investors have been skeptical on making any significant investment. Despite such mayhem, several investors have considered investing in the depreciating Brazilian assets with the sole intention of reaping maximum profits. For starters, the M&A has been quite busy dealing with financially hemorrhaged companies and startups and learn more about Ricardo.

On the other hand, tax matters have surprisingly necessitated a high demand for representation and legal advice, with hundreds of attorneys rushing in to serve various clients and multinational corporations. According to accurate statistics from the PwC report, the country’s ease of paying taxes surprisingly ranks at position 178 out of the 189 nations surveyed. The fact that a medium-sized enterprise spends an average of 2,600 hours dealing with tax compliance is quite shocking, to say the least.

Compliance matters are widely considered to be a booming sector in the legal industry courtesy of the numerous statutes governing the establishment and running of businesses. More importantly, enterprises have also been at the forefront promoting anti-corruption programs essential in upholding transparency and accountability in the public and private sector. Firms such as Trench and TozziniFreire have cemented their status as the leading service providers to their diverse clientele and his Website.

The Brazilian government has prioritized labor laws especially with the influx of local and migrants dominating the labor force. By prioritizing on the fundamental rights of workers, institutions such as Cahen & Mingrone Advogados and Pessoa Advogados Associados are arguably some of the best in the industry and more information click here.

 

Ricardo Tosto in Brief

Ricardo Tosto’s reputation as a prominent attorney and entrepreneur remains unmatched. Despite his humble beginnings, Ricardo Tosto has managed to surpass expectations and represented several high net worth individuals and multinational corporations. Ricardo Tosto is credited with pioneering the enactment of various economic policies that serve as the foundation of the country’s economy.

Aside from exuding his legal proficiency, Ricardo Tosto also mentors several associates within the law firm as his next step in taking the company to greater heights. Ricardo Tosto adopts an active management approach in the daily operations of his law firm and resume him.

The SEC offers an Encouraging Reward to one of its Informants.

In 2010, the Securities and Exchange Commission created a program which is dedicated to protecting its whistleblowers. The plan was formed under the Dodd-Frank Act, and it has various incentives that encourage informants to offer intelligence to the SEC. The regulations of the program demand that the whistleblower should receive approximately 10 to 30 percent of the sanctions that are collected by the commission. The program also offers job protection to the whistleblowers, and it safeguards them from being harassed by their employers. The SEC recently offered a reward of $17 million to an informant who was represented by Labaton Sucharow Law Company. This amount was the second highest that has ever been given by the commission.

The SEC used the Whistleblower’s intelligence in unveiling how one of the frontrunner companies in the financial sector was breaking the state and federal securities laws. According to the SEC, it is crucial for the whistleblower to keep his or her identity a secret since it assists in preventing harassment or blacklisting from the employers. The informant hired the services of Labaton Sucharow, and therefore, his identity was not disclosed to anyone. Attorney-client privilege is used in protecting the information that the whistleblower offers. The SEC whistleblower attorneys of the firm is headed by Jordan A. Thomas who formerly worked for the SEC as an assistant director. He is highly knowledgeable on securities laws since he participated in the creation of the whistleblower protection laws.

The SEC has always been working to ensure that employees of companies are motivated to inform it on any fraudulent undertakings of their employers. The commission has an Investor Protection Fund that was created by the Congress, and its purpose is to ensure that the whistleblowers get their rewards in time. The fund has $400 million, and it is regularly replenished. The SEC has translators who help foreigners who cannot communicate in English. It also assures the sources that the attorney-client privilege protects the intelligence that they will provide.

Labaton Sucharow Law Company started about five decades ago. It has advanced gradually, and in 2010, it established a whistleblower representation service to offer legal services to people who volunteer to provide intelligence to the SEC. The firm was the first provider of the service in the industry. It is recognized for providing exceptional representation to plaintiffs, and it has been named by the Chambers and Partners, Legal 500 and the Benchmark Litigation.