Capital for claims.Judgement before capital.
An award that goes unpaid, a claim too costly to pursue, a judgment against a debtor whose assets have left the jurisdiction. ArbiHonor reads the file first. Where a claim merits pursuit, we acquire or fund it, instruct counsel where the assets are and enforce there, across 21 jurisdictions. Where it does not, we say so.
The initial assessment is without charge, and a decision to decline is explained in writing. Nothing binds the claimant before signing; once a claim is acquired, costs and adverse outcomes rest with us, without recourse.
Dual-track enforcement of an offshore award in the PRC and Hong Kong
Enforcement & Asset Recovery · HK / CN / KY
Portfolio funding of China-concept securities misstatement claims
Securities & Investor Claims · US / CN
Belt-and-Road energy project payment arbitration
Construction & Energy · SG / AE
Different clients ask different questions.
A claimant, a law firm and a funder each need a different answer, and each receives one. The underwriting standard behind all four is the same.
- A written opinion within fifteen business days, on liability and on recoverability
- Verified counsel and enforcement agents where the debtor is; on qualifying matters, costs met by a funder
- Recognition, enforcement and preservation, conducted by PRC-licensed counsel
- Reporting in English throughout; fees may be linked to recovery
- Only matters that have passed a seven-point assessment and attracted funder interest
- Roles and fees settled before introduction; engagement directly with the client
- Assessed claims graded A, B and C — redacted, but verifiable
- Diligence opens on registration of interest; each assessment is signed by a named lawyer
Totals across concluded and live matters since 2017. Per-matter terms, MOIC and IRR are shared only with capital partners.
From first reading to recovery, in four stages
Acquiring a claim is not the same as funding it. The assignor exits at signing rather than at judgment, so the file must be examined more rigorously at the outset than a conventional funder would require.
Recoverability first
Lawyers test liability while our data team maps the debtor’s assets and enforcement history. A written opinion follows within fifteen business days, with reasons where we decline.
Consideration at signing
We acquire the claim at an agreed price. The assignor receives certain value at signing; thereafter the fees, the security for costs and the downside rest with us.
Conduct of proceedings
We appoint and supervise counsel, conduct the litigation, arbitration or negotiation, and meet every cost and security obligation along the way.
Enforcement where the assets are
Recognition and enforcement are pursued in each relevant jurisdiction at once, leaving the assets nowhere to go. Recoveries are distributed in the order fixed at signing.
Not every claim should be sold
Outright acquisition is the structure we use most. Some claimants, however, wish only to shed the cost and retain the upside, and some firms lack liquidity rather than merit — hence five further structures.
Claim Acquisition & Non-Recourse Funding
Where a debtor will not pay and the claimant would rather not bear the cost or the wait, we acquire the claim at an agreed price, paid at signing. Every subsequent cost, security obligation and adverse outcome is ours.
Single-Case Funding
For claimants who wish to retain conduct of the case and its upside without bearing its cost. We meet counsel’s fees, experts, institutional fees and security for costs. If the claim fails, nothing is repayable.
Portfolio Funding
Several claims, none of which quite stands alone. Priced as a book, a loss on one is absorbed by recoveries on the others, and the terms improve accordingly.
Judgment & Award Enforcement
The award is in hand; payment is not. We fund enforcement in full, trace assets through shareholders and offshore structures, and seek recognition where the assets actually are.
Law Firm Fee Financing
The contingency work is done; the fee arrives only at conclusion. We monetise that receivable now.
Debt Restructuring & NPL Resolution
In insolvency and distressed debt, value often sits in recovery actions no one is able to fund. We fund them.
Names withheld. Facts verifiable.
Dispute type, forum, stage and result are published as they stand. Parties, counsel and economics are not: that is the condition on which counterparties consent, and the basis on which any file entrusted to us is held.
All disclosable mattersDual-track enforcement of an offshore award in the PRC and Hong Kong
The claimant held an HKIAC award against a private group whose assets sat across mainland China and a Cayman structure. Nothing had been recovered in two years.
Portfolio funding of China-concept securities misstatement claims
A group of onshore investors sought recovery for disclosure violations by a US-listed China-concept issuer. Individually, the claims were too small to litigate economically.
Belt-and-Road energy project payment arbitration
A Chinese contractor completed a Middle East power project but went unpaid, the owner resisting on quality grounds.
Institutions we have worked alongside
Banks, asset managers, insurers, trust companies, industrial groups and leading PRC law firms. These are past working relationships; none of them endorses us, and we do not suggest otherwise.
Where the capital sits
Concluded and live matters by dispute type. No single enforcement jurisdiction may carry more than 30% of the book.
CIETAC · HKIAC · SIAC · ICC · SCC
Contract, equity, guarantee and JV disputes
Administrator claw-back and avoidance
Recognition, veil-piercing, offshore tracing
Patent infringement and trade secrets
Abuse of dominance and cartel follow-on
China-concept misstatement and group claims
Belt-and-Road project disputes
Twenty-one enforcement jurisdictions
Returns are decided where a claim is enforced, not where it is filed. We establish who will act for us on the ground before a claim is acquired, not after.
Beijing, 2017. Onshore first, then offshore.
We built our enforcement practice in China before going abroad. On China-connected claims, parties and assets usually sit on both sides of the border, and a funder familiar with only one side tends to stall halfway.
About the firmFounded by disputes lawyers and structured-finance practitioners to do one thing: price, fund and recover China-connected cross-border claims.
A portfolio spanning Hong Kong and Cayman was recovered — the first confirmation that the offshore route could be made to work.
Underwriters moved next to the principal arbitral seats, and South-East Asian mandates followed.
More than half of new commitments took the form of outright acquisition: the client exits at signing, and cost and risk remain with us.
Balance-sheet capital in China and fund capital offshore can now go into the same matter, so costs on both sides are met at once.
Case notes, rule changes and our view of the market
What changed in enforcement practice this quarter, and what it means for claims already in hand.
All notesWhen the funder becomes the claim holder, underwriting shifts from merits to enforceability. This issue examines the consequences for the pricing model.
Since the arrangements took effect, filing and enforcement data show a picture that does not entirely match the design expectation.
Outright assignment is not novel under PRC law, but its validity turns on conditions that are easily overlooked.
Where assets sit behind layered offshore vehicles, a disclosure order is often more effective than substantive veil-piercing.
A written assessment within fifteen business days.
The initial assessment is without charge and binds neither party. Materials are held under NDA and seen only by the assessment team. Where we decline, the reasons are given in writing.