Brazilian Lawyers Are Ready To Deal With The Aftershocks Of Rousseff’s Admissions

Brazil has 200 million people living in all kinds of conditions. From the poorest to the most wealthy, Brazil is nothing if it is not a mixture of humanity that celebrates the small things and fights the big things. One of those big things is the Brazilian government under the leadership of President Dilma Rousseff. When Rousseff was elected almost seven years ago, she had the support of most of the country. Today, Rousseff is under attack for a modern day scandal and having a personality that is as welcoming as the flu. In her recent independence day address, she tried to make peace with a country by saying the government must reverse some policies because the results of those policies have damaged the economy.
Rousseff admitted she made mistakes, and some of the 800,000 lawyers in Brazil realized Rousseff might have given them grounds for lawsuits. Lawsuits are as common as the bikinis that walk along Rio’s beaches, according to Ricardo Tosto, one of the founding partner of Leite, Tosto e Barros Advogados. Tosto specializes in electoral law, banking, corporate restructuring, and international law just to name of few areas of expertise. He is also the author of articles and essays that deal with Brazilian law. Tosto believes the president of Brazil may be opening up a legal can of worms by admitting the government committed errors that cost businesses in Brazil and around the world a lot of money.
Tosto admits that lawsuits take years to resolve in the Brazilian courts so even though many lawyers in Brazil may file lawsuits the chances of them being settled in the near future are very slim. Mr.Tosto knows that inflation is the one of the main villains in the economic slowdown, and the president is trying to get the country to understand the process the government goes through in order to curb inflation. But by admitting government errors, hundreds if not thousands of lawsuits will be filed. Tosto thinks most Brazilian lawyers have to file lawsuits to survive. Their clients may never get what they want from the lawsuit, but the lawyers get paid, and that is the name of the law game in Brazil, according to Tosto.

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