❦❦
Doctrine
Commentary
from the Committee
Notes on underwriting, pricing, and governance
The essays gathered here are the doctrinal record of the house. They are written for counsel, principals, and allocators who have reason to understand how a claim is priced before it is funded.
№ 05
The Optimism Discount
Why claimant damage models overshoot, and how the discipline of a ten to twenty percentage point discount protects the underwriting.
Trinity Term · MMXXVI · 6 min
J. Adeyemi
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№ 04
Enforcement Scoring for Cross-Border Awards
A zero to five scale for what a judgment is actually worth in the jurisdictions that must honour it.
Trinity Term · MMXXVI · 7 min
E. V. Hudson
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№ 03
The Seriousness Test
The anterior question a matter must pass before it is modelled, priced, or discussed with its principals.
Trinity Term · MMXXVI · 6 min
W. Hudson
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№ 02
Non-Interference as Doctrine
Why the clause that says the funder will not run the case is the most consequential one in the agreement.
Trinity Term · MMXXVI · 7 min
J. Villalba
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№ 01
Duration-Banded Return Floors
Four bands, a minimum multiple and a minimum percentage in each, and the reason the funder prices against the band rather than the forecast.
Trinity Term · MMXXVI · 7 min
J. Adeyemi
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