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Deloitte audit study involving 100 companies of different sectors and sizes did an electronic questionnaire between May and June this year. The investigation revealed that due to corruption scandals that have undermined the credibility of many Brazilian companies in the past two years, many companies are ready and dedicated to raising the risk monitoring levels in 2017.

The detailed analysis of this study was done by Bruno Fagali a member of Fagali Advocates. Bruno Fagali added that the companies which have adopted the anti-corruption mechanism rose from 59% as per the 2015 survey to 73% this year. He also said that according to Deloitte’s analysis, the management of unethical conduct and fraud rose from 61% in 2015 to 81% this year. The analysis according to Fagali indicated that data such as monitoring of electoral campaigns or political parties is 69% of all the participants of the latest survey.

Attorney Bruno Fagali reiterated that the companies had to find ways to raise the level of maturity and fight unethical practices since the surveys show that there is an increase in percentages despite the fact there are methodological differences between the surveys. Bruno Fagali noted that about 49% of the companies analyzed had implemented actions to improve. He also reported that according to the survey done by Deloitte, for firms to maintain performance, they have to watch out the regulatory aspects of items linked to the fight against corruption which is cash flow and accounting. He added that they lack in strategic risks which refer to analysis and reputation of market competition which relates to digital exposure.

Bruno Fagali is an Attorney in Brazil who is a Member of the Society of Corporate Compliance & Ethics. He is a specialist lawyer in Compliance, Anti-corruption Law, Public Law (Urban, Constitutional and Administrative), Parliamentary Law, Advertising and Electoral Law. He is a Founding partner of Fagali advocacy. Bruno Fagali is currently pursuing his masters in Law at the University of Sao Paulo. After finishing his high school education in 2002, Bruno Fagali studied Law at the Pontifical Catholic University of Sao Paulo between 2004 and 2009. He studied Specialization in Administrative Law between 2010 and 2012 in the same university.

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The supreme law in Brazil is The Federal Constitution promulgated in 1988. The constitution divides the country into 26 Federate States that are at liberty to adopt their laws, but these laws must fall within the provisions of the Federal Constitution.

The Constitution

The Federal Constitution can be amended through a legal process provided for in the same constitution. For any amendment to occur, it has to be supported by at least a third of the members of the two legislative houses – Senate & House of Representatives, or Legislative chambers in at least 13 States. The president of the Federal State must sign to effect any amendment. However, Laws touching on the freedom of rights and separation of powers are immune to amendments.

The legislative houses make the complementary laws and President approves them. These laws complement the constitution. Ordinary laws, on the other hand, are traditional unwritten laws that originate from either of the houses and adopted under the ordinary legislative procedure.

Brazilian Courts

It is the role of the courts to interpret laws in Brazil. The senior most court in Brazil is the Supreme Federal Court, which serves as chief custodian of the Law. The Brazilian Superior Court of Justice functions as an arbitrator whenever an ordinary State court and an ordinary Federal court make conflicting rulings. Other courts include Labor Courts, Electoral Courts, Military Courts, and Federal Courts.

Brazilian Lawyers

Upon acquiring a degree in law, one has to join the Brazilian Law School where they sit for bar examinations to qualify as an attorney. Lawyers practice law in different categories that includes Family Law, Business Law, Tax Law, Criminal Law, Finance & Securities Law, and Property Law.

About Ricardo Tosto

Ricardo Tosto is one of the most skilled and respected lawyers in Brazil. He is a founding principal of Leite, Tosto e Barros Advogados, a renowned law firm that specializes in business law, credit recovery, banking, electoral law, international law, as well as civil and commercial litigation. Ricardo earned a bachelor’s degree in law at Universidade Presbiteriana Mackenzie. He later joined the Fundacao Armando Alvares Penteado where he obtained his MBA.

Ricardo boasts of over 22 years of legal practice. He previously served as the president of the Sao Paulo OAB Commission for Modernization. Currently, Ricardo Tosto serves as a member of both Brazilian and International Bar Associations. He also has published several articles in legal journals.

 

 

Brazil is a dynamic country that is experiencing a lot of growth right now. With all of the economic growth, a lot of people are looking to start a business in the area. If you want to invest in your future, Brazil is a great country to invest in. Finding a lawyer for your business needs can be difficult. Oftentimes, the law in Brazil is different from where you are living. Having a quality lawyer on your side can make a huge difference in your overall business success. Ricardo Tosto is someone who has a track record of success in helping other people in this area. If you want to invest in your future, hiring Ricardo Tosto is a great choice. He is passionate about the law, and he has built a great career by helping others in this area.

 

 

Ricardo Tosto

 

From the time he was young, Ricardo Tosto has always wanted to practice law. There are a lot of people who are looking for ways to take their business to the next level. Before expanding, it is vital that you have everything in line with your business. Ricardo Tosto can walk you through all of the things that you need to have ready before going to the bank to ask for financing. With all of his experience in business, he is a great resource to use when it comes to business. Ricardo Tosto knows how to help customers, and that is why his business has grown so rapidly over the past couple of years.