Hudson Litigation Capital

Institutional legal capital

Capital for
complex
legal assets.

Underwritten with discipline.

Hudson Litigation Capital provides capital in connection with disputes, claims, judgments, awards and portfolios of legal assets. Every commitment is assessed on risk, enforceability, legal permissibility and the realistic path to recovery.

Submit a matterSolutions

The legal asset, drawn

Figure 01

  1. 01

    Rights

    Ownership, title and transferability of the asset.

  2. 02

    Counsel & Control

    Counsel of record retains the conduct of the matter.

  3. 03

    Merits

    Liability tested independently of counsel enthusiasm.

  4. 04

    Quantum & Recovery

    Loss by head, and how much of it is realistically liquidated.

  5. 05

    Enforcement

    Forum, obligor reachability and the route to payment.

  6. 06

    Capital Structure

    Commitment, staging and priority of entitlements.

  7. 07

    Realisation

    Milestones, reporting and distribution to the holder.

The Hudson thesis

A dispute is not an investment.
A judgment is not cash.
A claim is not its pleaded value.
Capital begins with understanding the asset.

Annotation

The same asset is examined from seven directions before any commitment is made: rights, counsel and control, merits, quantum and recovery, enforcement, capital structure and realisation. A well-founded claim against an unreachable counterparty is not a financeable asset.

How we invest

Index of solutions

Four families of institutional legal capital.

All solutions

Investment charter

How Hudson thinks.

Hudson provides capital. It does not conduct, control or direct litigation, and counsel of record retains the conduct of the matter.

  1. § 1

    Capital preservation first

    Downside exposure, capital requirements and portfolio resilience are considered before any headline return. Capital is committed only where the analysis supports it.

  2. § 2

    Underwritten on recovery

    Merits are one part of the analysis. Quantum, budget, timing, counterparty strength, enforceability and the realistic path to cash are assessed together.

  3. § 3

    Legal independence preserved

    Claimants and counsel retain responsibility for strategy and professional decisions. Hudson does not select, instruct or supervise counsel, and does not conduct, control or direct the litigation.

  4. § 4

    Documented governance

    Legal permissibility is assessed for the relevant jurisdiction and cleared in writing before deployment. Decisions are formal, recorded and subject to conflict procedures.

From legal asset to realisation

The sequence a matter travels.

Figure 02

  1. Stage one

    Submission

    A matter is lodged in writing through the submission form. Submissions are received by Hudson's intake and business development function and acknowledged, ordinarily within one to two business days.

  2. Stage two

    Initial Review

    Conflicts, confidentiality, legal permissibility and broad eligibility are considered, and the appropriate solution and structure are identified. Hudson may request further information, defer, or decline.

  3. Stage three

    Underwriting

    Where a matter proceeds, it is underwritten. The work differs by product and legal asset: active disputes require merits, quantum, budget and enforcement analysis, while mature legal assets place greater weight on finality, obligor quality, enforceability and time to cash.

  4. Stage four

    Investment Approval & Documentation

    A recommendation is considered by the Investment Committee. Where a commitment is approved, terms are documented, legal clearance is completed and the transaction is executed before any capital is deployed.

  5. Stage five

    Monitoring & Realisation

    After execution the matter passes to portfolio management: drawdowns, milestones, reporting and reserves through to realisation and distribution under the agreed waterfall.

The process in detail

Published parameters

Market sheet

Commercial Litigation Finance, committed capital
USD 2m — 15m
Claim quantum, ordinarily
USD 15m +
Counterclaim Finance through HLCDC, committed capital
USD 5m — 15m
Jurisdictional review
Matter by matter

Bands are tested on the maximum aggregate commitment requested, not on an initial draw. Claim quantum of USD 15m or more is an ordinary expectation rather than a threshold, and matters outside these parameters are not refused on that basis alone. Claim Acquisition Finance is assessed on the claim and has no published band.

Counterparties

Commercial parties and their advisers.

HLC works with institutional counterparties. It does not provide consumer, personal-injury or pre-settlement funding of any kind.

All counterparties
  1. 01

    Claimants & Corporates

    Companies and commercial claimants carrying the cost of a substantial dispute.

  2. 02

    Counsel

    Counsel of record seeking an institutional funder on defined, documented terms.

  3. 03

    Law Firms

    Firms financing case investment or working capital against portfolio economics.

  4. 04

    Insolvency Professionals

    Officeholders, estates and creditor committees pursuing recoveries.

  5. 05

    Claim / Judgment / Award Holders

    Holders of a legal asset seeking liquidity, monetisation or an exit.

  6. 06

    Qualified Claim Acquirers

    Acquirers and vehicles requiring capital to purchase a commercial claim.

Jurisdictional approach

Forums where enforcement is credible.

HLC deploys where procedure is institutional and a judgment or award can realistically be enforced. Legal permissibility is assessed for each matter in the jurisdiction where it will be conducted.

01

United States

Federal and state commercial courts

02

England & Wales

Commercial Court and LCIA arbitration

03

Singapore

SICC and SIAC arbitration

04

Hong Kong

Commercial courts and HKIAC

05

Germany

Regional courts and DIS arbitration

06

France

Commercial courts and ICC arbitration

07

Netherlands

Commercial courts and NAI arbitration

08

Mexico

Commercial courts and enforcement of awards

Correspondence is received in New York and London, by written inquiry.

Institutional commentary

Notes from the house.

The full index

  1. Michaelmas Term · MMXXVI

    When Diversification Is Not Enough

    Structural risk in litigation-finance portfolios

    J. Villalba

    7 min

  2. Michaelmas Term · MMXXVI

    The Transparency Era

    What the New Wave of Litigation-Funding Disclosure Means for Funders, Counsel and Claimants

    N. Forsythe

    9 min

  3. Michaelmas Term · MMXXVI

    The Disclosure Turn

    Louisiana, S.3826, a proposed Rule 26 amendment and the Civil Justice Council: why the regulation of funding favours the funder who drafted for daylight.

    N. Forsythe

    8 min

  4. Trinity Term · MMXXVI

    Non-Interference as Doctrine

    Why the clause that says the funder will not run the case is the most consequential one in the agreement.

    J. Villalba

    7 min

Common questions

The answers counsel ask for first.

All questions
What does Hudson Litigation Capital do?
HLC is an institutional legal-capital and dispute-finance platform. It provides capital in connection with disputes, claims, judgments, awards and portfolios of legal assets, structured around risk, enforceability and recovery.
Does HLC control the litigation?
No. Claimants and their counsel retain responsibility for litigation strategy and professional decisions. HLC provides capital and protects its contractual economic interests within applicable law and professional rules.
Is HLC a law firm or an insurer?
No. HLC is not a law firm, does not provide legal advice, and does not act as an adviser, insurer or guarantor. Capital is provided on documented commercial terms.

Submit a matter

A complex legal asset deserves disciplined capital.

Submissions are received in confidence and acknowledged in writing, ordinarily within one to two business days. Submission does not create a funding commitment and no fee is payable on submission.

Submit a matterWho we work with

Hudson Litigation Capital is not a law firm and does not provide legal advice. Read our disclosures.