# Insolvency (Amendment) Act (Northern Ireland) 2026, Section 3: Power for liquidator or administrator to assign causes of action

Extent: N.I.
Status: prospective

After Article 208ZC (inserted by section 2) insert—
“Power to assign certain causes of action
Power to assign
208ZD. (1) This Article 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 or by virtue of any of the following—
(a) Article 13FA (challenges to monitor remuneration in subsequent insolvency proceedings);
(b) Article 177 or 208ZA (fraudulent trading);
(c) Article 178 or 208ZB (wrongful trading);
(d) Article 202 (transactions at an undervalue);
(e) Article 203 (preferences);
(f) Article 206 (extortionate credit transactions).”.

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Source: https://www.legislation.gov.uk/nia/2026/6/section/3 (the official version)
Page: https://openlegislation.uk/insolvency-amendment-act-northern-ireland-2026/section-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.