01
Dispute Finance
Non-recourse capital for the prosecution of qualifying commercial disputes.
HLC
MMXXVI
NEW YORK
LONDON
Institutional legal capital
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.
The house
The legal asset, drawn
Figure 01
Ownership, title and transferability of the asset.
Counsel of record retains the conduct of the matter.
Liability tested independently of counsel enthusiasm.
Loss by head, and how much of it is realistically liquidated.
Forum, obligor reachability and the route to payment.
Commitment, staging and priority of entitlements.
Milestones, reporting and distribution to the holder.
The Hudson thesis
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.
Index of solutions
01
Non-recourse capital for the prosecution of qualifying commercial disputes.
02
Capital against, and for the acquisition of, claims, judgments, awards and recoveries.
03
Facilities supported by a pool of legal assets rather than a single matter.
04
Liquidity and capital after a favourable outcome and before payment.
Investment charter
Hudson provides capital. It does not conduct, control or direct litigation, and counsel of record retains the conduct of the matter.
Downside exposure, capital requirements and portfolio resilience are considered before any headline return. Capital is committed only where the analysis supports it.
Merits are one part of the analysis. Quantum, budget, timing, counterparty strength, enforceability and the realistic path to cash are assessed together.
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.
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
Figure 02
Stage one
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.
Stage two
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.
Stage three
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.
Stage four
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.
Stage five
After execution the matter passes to portfolio management: drawdowns, milestones, reporting and reserves through to realisation and distribution under the agreed waterfall.
Published parameters
Market sheet
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
HLC works with institutional counterparties. It does not provide consumer, personal-injury or pre-settlement funding of any kind.
Companies and commercial claimants carrying the cost of a substantial dispute.
Counsel of record seeking an institutional funder on defined, documented terms.
Firms financing case investment or working capital against portfolio economics.
Officeholders, estates and creditor committees pursuing recoveries.
Holders of a legal asset seeking liquidity, monetisation or an exit.
Acquirers and vehicles requiring capital to purchase a commercial claim.
Jurisdictional approach
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
Federal and state commercial courts
02
Commercial Court and LCIA arbitration
03
SICC and SIAC arbitration
04
Commercial courts and HKIAC
05
Regional courts and DIS arbitration
06
Commercial courts and ICC arbitration
07
Commercial courts and NAI arbitration
08
Commercial courts and enforcement of awards
Correspondence is received in New York and London, by written inquiry.
Institutional commentary
13 October 2026
A judgment or award is not the same as cash. This study examines why recognition, debtor identity, asset location, sovereign immunity, sanctions, creditor priority and practical collectability should be tested during underwriting rather than after legal victory.
Hudson Litigation Capital
14 min
13 October 2026
A successful claim does not necessarily mean the claimant or funder is first in line for the proceeds. This study examines how security interests, assignments, liens, prior funding, insolvency and creditor priority can reshape the economic value of a litigation recovery.
Hudson Litigation Capital
12 min
13 October 2026
Litigation finance is entering a new phase of scrutiny. This study examines how disclosure, funder control, regulatory fragmentation, capital provenance and financial resilience are reshaping institutional litigation finance.
Hudson Litigation Capital
14 min
13 October 2026
A major legal claim may still present serious financing risk when claimant distress, creditor priority, changes in control and cross-border enforcement converge. This study examines why institutional litigation-finance underwriting must extend beyond legal merits alone.
Hudson Litigation Capital
11 min
Submit a matter
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.
Hudson Litigation Capital is not a law firm and does not provide legal advice. Read our disclosures.