The constraints,written down.

Mainland China has no dedicated statute governing third-party litigation funding, and no prohibition on assigning claims. The workable route in practice is an assignment under Article 545 of the PRC Civil Code, not intervening in another party’s litigation as a “funder”.

So on PRC-connected matters we appear as assignee: we assert the claim in our own name after transfer, and carry the cost and the risk ourselves. Registration, tax treatment and enforcement all have settled rules along that path.

What we will not do

No criminal matters. No assignment of personal-injury claims. No arrangement that uses criminal process to pressure a civil settlement. No claims with defective title or contractual transfer restrictions.

Arbitration in Hong Kong and Singapore, and several offshore courts, require disclosure that funding exists. We disclose in those forums without waiting to be asked.

Conflicts are searched both ways before underwriting — opposing parties, affiliates and instructed firms against the existing book. Where a conflict exists we decline rather than build an information barrier.

Privilege

Diligence material is exchanged under common-interest privilege or the local equivalent. Underwriting memoranda passed to capital partners carry conclusions and the basis for them, never the underlying privileged documents.

Beneficial-ownership identification, source-of-funds verification and screening against OFAC, EU, UK HMT and UN lists are completed before any assignment or commitment, then re-run quarterly.

Matters touching designated persons, restricted territories or unverifiable source of funds are declined regardless of the expected return.

Case material is accessed on a need-to-know basis — the underwriting team, IC members and named external experts. Access is logged.

Cross-border case data is handled under the PIPL and the outbound data-transfer assessment rules; where transfer is genuinely required, it happens in redacted and minimised form.

Published case summaries require written consent and disclose only dispute type, forum and outcome type.