BMG Bank Director Marcio Alaor Knows American Automobile Makers Love The Brazilian Market


The U.S. automobile manufacturers are facing a number of issues that impact their bottom lines, especially in the United States. Business in China is soft thanks to the economic changes that are in progress there, and the European market has been in an automotive price war for the last couple of years. General Motors and Ford are selling more cars this year, but those sales don’t have the profits margins of years past.

But Brazil, South America’s largest consumer market, still has the potential to produce better profits and more customers for car companies even the country is going through an economic downturn that has changed the people’ attitude toward their political leaders. But when it comes to buying vehicles, Brazil is still a good market, according to Marcio Alaor, the Director of BMG Bank. Alaor said only 14 percent of the roads in Brazil are paved, but car manufacturers are still focused on the potential increase in business once the political and economic issues are resolved.

Marcio Alaor knows how important the automobile industry is in Brazil. Brazilians love cars, and some Brazilians are major investors in automobile manufacturers. The auto industry trade group in Brazil is still forecasting a decent year in 2016 in terms of automobile sales even though there could be a government tax increase and spending cuts. Alaor thinks Brazil could take over as the third largest car market in the world in 2016. Ford, General Motors, Fiat and Volkswagen have dominated the auto industry in Brazil for years, but Alaor thinks Kia, Honda, Hyundai and Nissan are eating into the 84 percent market share that those car companies once had in Brazil.

Mr. Alaor is well versed in automobile investments. He knows the history of the big America car companies and he believes those companies helped establish the stock market when they offered initial public offering years ago.

Being the Vice-President of BMG Bank and a major influence in the lives of thousands of Brazilians that need loans is what Marcio Alaor does now, but he experienced poverty in the small town of Santo Antonio do Monte when he was a boy. Alaor worked so he could go to school and get an education, but he never forgot where he came from. According to an article published by, Alaor is now an expert when it comes to understanding the auto industry in Brazil and how it impacts the economy and investors.

Practicing Law in Brazil

Brazil is a Republic. It has a total of 26 states, and the federal district of Brasilia. The practice of law in Brazil has only been regulated by law for 22 years. The country does have a national bar association, and each jurisdiction has its own bar association. There was a law enacted in 1994, and this law, number 8906, provides that states are responsible for licensing attorneys in their territories. The federal districts were also conferred that same obligation through the enactment of this law.

Becoming a lawyer in Brazil requires having a law degree from an accredited university. Candidates must have also completed a 2 year internship at a legal practice that is registered. Beyond these requirements, the path to being able to practice law requires taking the state bar examination, and once that exam is passed, a candidate is now considered a lawyer, and is allowed to represent clients in that state.

Brazil does not allow foreign firms to practice law at all in this country. A number of foreign firms have established offices in Brazil, but they are still precluded from practicing law. They are able to practice law in cases where the entire focus is international or foreign law. There are a number of law firms that are authorized to practice law in Brazil, and those that also have comprehensive international law departments.

The law offices of Leite, Tosto e Barros have several different areas of expertise. The main areas of practice for this firm include dispute resolution, banking, civil and commercial law as well as corporate and international law, to name a few. Their international law department deals with bank regulations on foreign capital, imports and exports, business crime, transfer of technology, and international negotiations. Ricardo Tosto, one of the partners, is a prominent leader and legal strategist.

After working in a few different firms, Mr. Tosto established his own firm, which quickly became on of the largest, and most successful, in Brazil. He made his reputation by providing legal services to some of the largest corporations in Brazil, multinationals, politicians and in defending public personalities. He was also instrumental in adopting a number of legal mechanisms, and these subsequently became commonly used in Brazil. He also mentored a number of interns, some of whom went on to become partners in his practice.

Under the leadership of Ricardo Tosto, the firm is thriving. His practice area is litigation, and he specializes in banking operations, political law, debt and credit restructuring as well as commercial, civil and business law. The firm has won numerous awards, and has become a model for other firms. Today Leite, Tosto e Barros is the recommended firm for 2015 by Latin Lawyer 250. Having received his degree in Law at Mackenzie, Mr. Tosto has gone on to become recognized by Who’s Who Legal, nominating him one of the best commercial litigators in Brazil. He has also published several articles, has given numerous lectures, and is a consummate legal and political writer. Mr. Tosto has built an excellent reputation for himself, his firm, has enhanced the legal process in Brazil, and has established a stellar career.