Hudson Litigation Capital

§ HLCDC Officers · Product IV

A separate entity. A separate bench.

Hudson Litigation Defense Capital (HLCDC) is a legally distinct affiliate of Hudson Litigation Capital, providing non-recourse counterclaim funding to corporate defendants. The officers below govern HLCDC exclusively. None hold any operational seat at HLC. A formal information barrier governs personnel, files, and decision-making between the two entities.

§ HLCDC Leadership

Leander J. Voss, Managing Director, HLCDC

Leander J. Voss

Managing Director, HLCDC

Marcus leads Hudson Litigation Defense Capital as its Managing Director and senior accountable principal. Prior to HLCDC, he spent over two decades in the disputes finance and structured credit markets, including senior roles at a US-based litigation finance platform and an international arbitration funding desk. He holds executive responsibility for HLCDC's capital deployment, doctrinal compliance with the Master Doctrine §8.4 information barrier, and the entity's separate institutional governance from Hudson Litigation Capital. Marcus does not hold any operational seat at HLC and is not party to HLC's pipeline, underwriting, or portfolio data.

Aris N. Kanellakis, Chair, HLCDC Investment Committee · Chief Underwriting Officer

Aris N. Kanellakis

Chair, HLCDC Investment Committee · Chief Underwriting Officer

Aris chairs the HLCDC Investment Committee — a body legally and operationally distinct from the HLC Investment Committee. He brings senior underwriting experience from international arbitration practice and a leading European disputes finance platform. He owns HLCDC's adapted application of the Seriousness Test, the Optimism Discount methodology, and the Enforcement Score (0–5) — calibrated specifically to counterclaims held by corporate defendants, where procedural posture and disclosure constraints differ materially from claimant-side underwriting. The HLCDC IC's funding authority is final and non-delegable.

§ HLCDC Principal Officers

Devika S. Srinath, General Counsel & Chief Compliance Officer, HLCDC

Devika S. Srinath

General Counsel & Chief Compliance Officer, HLCDC

Priya advises on the architecture and execution of HLCDC's counterclaim funding agreements, with particular focus on champerty analysis, disclosure obligations under the procedural rules of relevant fora, and enforcement of the §8.4 information barrier separating HLCDC from Hudson Litigation Capital. She maintains HLCDC's independent compliance function, conflicts register, and confidentiality protocols. She chairs HLCDC's Conflicts and Compliance Subcommittee and signs every facility before deployment.

Cassandra L. Okonkwo, Head of HLCDC Origination

Cassandra L. Okonkwo

Head of HLCDC Origination

Cassandra leads HLCDC's inbound and outbound origination function across defense counsel, corporate legal departments, and international arbitration practitioners. She is responsible for pipeline development and first-pass screening of counterclaim opportunities prior to IC review. Consistent with HLCDC's mandate, the entity does not act as a referral agent or broker for legal services. Her seat sits entirely within HLCDC and has no line of communication to HLC's claimant-side origination function.

Casimir R. Wolff, Director of Portfolio Management, HLCDC

Casimir R. Wolff

Director of Portfolio Management, HLCDC

Henrik leads post-deployment oversight of HLCDC's counterclaim portfolio: ongoing covenant tracking against funding milestones, drawdown management direct to counsel and approved vendors, and structured monitoring of procedural progress in funded matters. His prior background is in structured credit covenant surveillance. HLCDC capital is actively stewarded — never passively held — from the moment of commitment through final waterfall settlement.

Naomi T. Goldfarb, Head of HLCDC Claims Analytics & Enforcement Intelligence

Naomi T. Goldfarb

Head of HLCDC Claims Analytics & Enforcement Intelligence

Naomi leads HLCDC's quantitative analytics function: probability modelling on counterclaim outcomes, quantum stress-testing under varied procedural and jurisdictional assumptions, and the analytical inputs to the HLCDC Enforcement Score. She works directly with the IC Chair to ensure that the doctrinal underwriting framework is applied with the same rigour to counterclaim posture as to claimant-side matters at HLC — but through HLCDC's separate analytical infrastructure.

Renata S. Imai-Caldera, Director of Counterclaim Strategy, HLCDC

Renata S. Imai-Caldera

Director of Counterclaim Strategy, HLCDC

Renata leads HLCDC's counterclaim strategy assessment — the doctrinal seat distinguishing HLCDC from any defense-side funder. She evaluates whether a defendant's counterclaim is a genuine affirmative monetary claim of independent merit, or merely a defensive set-off dressed as a claim. The distinction is constitutional: HLCDC funds claims, not defenses. Her sign-off is required at IC for every matter brought to the committee.

§ Constitutional Separation

Two entities. One discipline.

HLCDC inherits HLC's underwriting doctrine — the 60% probability threshold (post-Optimism Discount), the Enforcement Score, the Non-Interference principle — but applies them through its own separate Investment Committee and capital pool. Affiliation confers no operational authority, no shared capital access, and no information rights between the entities. The doctrine is shared. The decisions are not.

§ 8.4 Information Barrier

"HLCDC personnel do not access HLC pipeline, underwriting, or portfolio data. HLC personnel do not access HLCDC's. The barrier is constitutional — not procedural."

HLCDC's involvement in any funded matter is not voluntarily disclosed to the opposing party. Where procedural rules require disclosure, it is limited to the minimum required. Inquiries should be directed to inquiries@hudlitcap.com and marked "HLCDC Enquiry".

§ HLCDC Enquiries

Direct contact, marked "HLCDC Enquiry".

Enquiries are accepted from qualified legal counsel and represented corporate defendant-claimants. All correspondence routed through the HLC inbox is segregated upon receipt and handled exclusively by HLCDC personnel under the § 8.4 information barrier.

§ Product & Mandate

Counterclaim funding, in full.

Eligibility, terms, recovery waterfall, and the institutional separation governing HLCDC are set out on the Product IV mandate page.

View HLCDC Mandate →Submit a Counterclaim →