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Valid from 01/10/2015
After section 246ZC of the Insolvency Act 1986 (inserted by section 117) insert—
(1)This section applies in the case of a company where—
(a)the company enters administration, or
(b)the company goes into liquidation;
and “the office-holder” means the administrator or the liquidator, as the case may be.
(2)The office-holder may assign a right of action (including the proceeds of an action) arising under any of the following—
(a)section 213 or 246ZA (fraudulent trading);
(b)section 214 or 246ZB (wrongful trading);
(c)section 238 (transactions at an undervalue (England and Wales));
(d)section 239 (preferences (England and Wales));
(e)section 242 (gratuitous alienations (Scotland));
(f)section 243 (unfair preferences (Scotland));
(g)section 244 (extortionate credit transactions).”