{
  "url": "https://openlegislation.uk/small-business-enterprise-and-employment-act-2015/section-118",
  "json_url": "https://openlegislation.uk/small-business-enterprise-and-employment-act-2015/section-118.json",
  "legislation": "ukpga/2015/26",
  "legislation_title": "Small Business, Enterprise and Employment Act 2015",
  "legislation_url": "https://openlegislation.uk/small-business-enterprise-and-employment-act-2015",
  "path": "section/118",
  "kind": "section",
  "number": "118",
  "heading": "Power for liquidator or administrator to assign causes of action",
  "text": "After section 246ZC of the Insolvency Act 1986 (inserted by section 117) insert—\n“Power to assign certain causes of action\nPower to assign\n246ZD (1) This section applies in the case of a company where—\n(a) the company enters administration, or\n(b) the company goes into liquidation;\nand “the office-holder” means the administrator or the liquidator, as the case may be.\n(2) The office-holder may assign a right of action (including the proceeds of an action) arising under any of the following—\n(a) section 213 or 246ZA (fraudulent trading);\n(b) section 214 or 246ZB (wrongful trading);\n(c) section 238 (transactions at an undervalue (England and Wales));\n(d) section 239 (preferences (England and Wales));\n(e) section 242 (gratuitous alienations (Scotland));\n(f) section 243 (unfair preferences (Scotland));\n(g) section 244 (extortionate credit transactions).”",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "S. 118 in force at 1.10.2015 by S.I. 2015/1689, reg. 2(j) (with Sch. para. 16)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2015/26/section/118",
    "retrieved_at": "2026-10-29T09:06:47.994452+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}