Archives: May 2018

Fortress Investment Group Acquires Marathon Patent Group Under DBD Credit

The strategic and successful alternative asset investment firm Fortress Investment Group acquires one of the leaders in intellectual property management, Marathon Patent Group as part of a restructuring agreement that transfers certain intellectual property from Marathon’s diverse portfolio into a new entity called DBD Credit Funding LLC a subsidiary arm of Fortress. Marathon Patent Group is attempting to invest in research and development of various intellectual properties to create strong IP assets that can be monetized in order to continue reinvestment and provide appropriate utilization of global investment opportunities to streamline their business in the technology field. By teaming up with Fortress Investment Group, Marathon can relinquish the monetization of their assets in intellectual property and patents to a seasoned veteran investment firm that has shown a strong track record of capitalizing on investment opportunities in distress, underperforming, illiquid, and intangible assets.

The leadership of Co-Chief Executive Officers Wes Edens and Peter Briger has provided strong leadership and intellectual prowess that has generated decades of positive lucrative returns on investment for their more than 1750 institutional and individual clients from around the globe. The Chief Executive Officer of Marathon Patent Group Doug Croxall has shown strong insight and perspective in the relinquishing of the investment portion of his patent company so that the strength which is the intellectual capital, research and development can be concentrated on to provide new forms of technological advances that will create revolutionary patents and intellectual property that can be sold and monetized with the assistance of Fortress Investment. The day-to-day operations and maintenance of the company’s intellectual property will remain under the control and direction of Doug Croxall as Chief Executive Officer and will continue to provide high-level intellectual direction and corporate guidance for Marathon Patent Group.

However, the direction of the newly-created DBD Credit Funding a subsidiary of Fortress Investment Group will take the lead on the appropriate evaluation and valuation of the intellectual property created at Marathon and provides opportunities to reinvest resources needed to generate profitable advances in the technology and innovation within the Patent Company.Wes Edens Co-Chief Executive Officer of Fortress has been a leading member of the organization by providing a high-level evaluation of various alternative investment categories that has generated tremendous success for the organization over the years. Also, Peter Bridger has served as the other Co-Chief Executive Officer and President of the Credit Business at Fortress and also has led in the evaluation of various distressed and underperforming asset classes and has developed a reputation of one of the savviest investors in this realm of investing. With the acquisition of Marathon Patent Group, Fortress is continuing to expand their current portfolio into the IP investment industry and capitalize on the intellectual property of this highly successful patent company. After the successful acquisition of Marathon Patent Group, Fortress Investment Group will be adding another valuable asset to its current portfolio that has more than $35 billion in assets under management and will continue to grow and expand into various alternative asset classes to generate continuously profitable returns on investment.

Ricardo Tosto views on Law 13254

Assets abroad are regulated by the law 13254. Lawyers from Brazil can engage actively with lawyers in the diaspora through this channel. Ricardo Tosto is well pleased by this opportunity. The law which is widely referred to as the asset repatriation project came into effect in January 2016. It allows Brazilian assets and resources to be returned back to the country. The lawyers work hand in hand to come up with the necesarry documentation that make this possible.

Ricardo Tosto, a partner at Nelson and Associates firm, says that the law provides good ground for the exposure of local lawyers to the rest of the world. They get to interact with their compatriots from countries across the world. The regulation of assets laws, as it is known in other quarters, is not limited to only two countries. Legal processes and procedures can be effectively carried out in a host of nations simultaneously so long as the assets in question are from Brazil.

Congress was in no hurry to approve the project according to Ricardo Tosto. He had to lower both the income tax and the fines rate to 15% from the 17.5% that he had initially proposed. This occured after a series of discussions among members of the house who sought to standardize it.

The exchange rate on the other hand was fixed to 20%, which was its value in December 2014. Earlier reports had indicated that the Union had collected 30% of the assets. Ricardo Tosto clarified that this was not the case. This was occasioned by a difference in the exchange rate fom the time the proposal was made to the time the collection was implemented.

Ricardo Tosto who was a founding partner of Leite also weighed in on the provision for letting some offenders go scot-free. It only denies amnesty to drug traffickers, corrupt officials and smugglers. Crimes like tax evation and money laundry had the possibility of receiving acquittal.

Ricardo Tosto stated that there was need for the lawyersto streamline the process so that this wouldn’t be the case. Laws that would allow for the possibility of tracking down offenders and investigating their activities keenly so as to impose the correct penalties ought to be formulated by the partnership between the lawyers.

About Ricardo Tosto: www.youtube.com/watch?v=qc0MFA_hkFc