How It Works
A clear, confidential path to capital
Our process is designed for Canadian legal practice: efficient, disciplined, and confidential from the first conversation to final reconciliation.
The Four Stages
01
Initial Review
1–2 Weeks
- Execute mutual confidentiality agreement
- Client provides background documents: statement of claim, key contracts, counsel opinions
- We confirm counsel has performed factual and legal analysis
- Preliminary assessment of merits and damages
02
Active Diligence
2–4 Weeks
- Deep-dive discussion of legal merits, damages theory, and enforcement prospects
- Review of counsel track record and strategic approach
- Assessment of jurisdiction and procedural timeline
- Culminates in a non-binding term sheet
03
Investment
2–4 Weeks
- Negotiation and execution of capital provision agreement
- Satisfy any court approval requirements (class actions, insolvency)
- Commencement of funding
04
Monitoring
Through Resolution
- Ongoing case updates at key milestones
- Strategic consultation available upon request
- Settlement discussions supported when sought by client
- Final reconciliation upon matter resolution
Commitment Criteria
What our underwriting focuses on
We finance complex commercial litigation and arbitration at any stage. Our underwriting focuses on four dimensions.
Legal Merits
- More than one viable legal theory
- Tested legal principles with support in statute or case law
- Case theory consistent with commercial context
- Does not turn on a “he-said-she-said” credibility determination
Damages
- Supported by solid evidence of loss
- Large enough to ensure client keeps majority of proceeds
- Generally, $1M+ in expected compensatory damages
Counsel
- Experienced trial counsel with strong track record
- Strategic approach to litigation and settlement
Jurisdiction
- Canadian provincial courts (common law and Quebec)
- Internationally recognized arbitration centres (ICC, ICSID, LCIA, PCA)
Pricing
Proportional to risk
Litigation finance is not a loan. It is non-recourse, meaning we assume the downside risk of loss. Pricing is proportional to risk and reflects:
- Stage of litigation (pre-filing vs. post-judgment)
- Type of matter and complexity
- Expected duration
- Damages-to-investment ratio
We do not offer off-the-shelf terms. Every investment is bespoke. We do not seek exclusivity until a term sheet is issued.
Begin with a confidential review
All discussions proceed under a mutual confidentiality agreement. We provide term sheets within 30 days of receiving complete materials.