About Ricardo Tosto; His Educational Background and Career Path

Ricardo Tosto is the founding Partner of Leite Tosto and Barros. He is a trained lawyer with experience in representing banking clients and others in business cases. Ricardo built his legal firm from scratch to one of the top ones in Brazil. Tosto has represented clients in money laundering cases and won them. In one of the outstanding ones, he successfully defended a Swiss firm to be acquitted of the allegations of money laundering. He has also represented top politicians and organizations. Ricardo Tosto has also represented individuals and organizations pro bono.

Leite Tosto and Barros

The firm was the first ever to represent clients in a class suit. So far, Brazil has come to be renowned for its many class suits. The firm has maintained honorable practice and has severally been at the forefront of legal reforms aimed at helping Brazil attain justice for all. Mr. Ricardo Tosto was generous with the lawyers that joined his firm as trainees. Many of the trainees later became associates in the firm.

Ricardo Tosto Dissects the Resource Repatriation Law

Ricardo Tosto thinks that the law offers a great opportunity for the legal teams from the countries involved to make the process smoother. He says that such an exchange facilitated by the law will help to make documentation easier; since there will be a free flow of information. It is likely to expedite the process of repatriation of resources. Ricardo is also supported by the top lawyers at Milk, Tosto, and Barros. Gil Vicente of William Advogados and Associates also thinks that the law as is crafted will bring Brazilian and foreign lawyers closer. Vicente argues that implementing the law involves forging technical partnerships that will ensure that procedures and actions that require particular legal adherence from the countries involved to be dealt with expeditiously.

Possibility of Leniency

In subjecting the law to litmus test analysis, Ricardo warns that while the law has all the great elements of helping to make repatriation of assets faster, it also allows for clemency and a level of legal leniency to the offenders. He observes that the law provides the possibility of acquittal for crimes such as misconduct, tax evasion, and money laundering. Click here