(1) Where a plaintiff has a right to receive payments under a periodic payments order, the plaintiff may apply to the court that made the order for approval to assign, commute or charge the right.
(2) A right to receive payments under a periodic payments order may not be assigned, commuted or charged without the approval of the court that made the order.
(3) Where a plaintiff, without the approval of the court, purports to -
(a) assign, commute or charge his or her right to receive payments under a periodic payments order, or
(b) enter into an agreement to assign, commute or charge such a right, the assignment, commutation or charge, as the case may be, shall be void.
(4) In considering whether or not to approve a proposed assignment, commutation or charge of a plaintiff's right to receive payments under a periodic payments order, a court shall have regard to -
(a) whether the capitalised value of the assignment, commutation or charge represents value for money,
(b) whether the assignm
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