The assignment of the fruits of an action for damages was a sale of property within section 436 of the Act, it was not within the exemption for champerty provided by the Act to a liquidator which arose from the statutory power of sale. The assignment of a cause of action assigned the right to pursue an action, but an assignment of the fruits of an action took place only in equity, and the assignee acquired no interest in the action itself.
Citations:
Times 31-May-2000
Statutes:
Jurisdiction:
England and Wales
Contract, Insolvency
Updated: 10 May 2022; Ref: scu.77783