(1)The court may at any time vary or set aside a property freezing order.
(2)If the court makes an interim receiving order that applies to all of the property to which a property freezing order applies, it must set aside the property freezing order.
(3)If the court makes an interim receiving order that applies to some but not all of the property to which a property freezing order applies, it must vary the property freezing order so as to exclude any property to which the interim receiving order applies.
(4)If the court decides that any property to which a property freezing order applies is neither recoverable property nor associated property, it must vary the order so as to exclude the property.
(5)Before exercising power under this Chapter to vary or set aside a property freezing order, the court must (as well as giving the parties to the proceedings an opportunity to be heard) give such an opportunity to any person who may be affected by its decision.
(6)Subsection (5) does not apply where the court is acting as required by subsection (2) or (3).
Cases considering section 245B 7
[2013] EWCA Civ 518 · 16 May 2013
The court recognised the discretionary power to vary or set aside a property freezing order at any time. Its exercise in this case was governed by the mandatory consequence in section 245B(4). (see paras [38]; [43])
Where the court decides that property subject to a freezing order is neither recoverable nor associated property, variation to exclude it is mandatory. Once the property had vested and ceased to be recoverable, exclusion from the existing order was justified. (see paras [38]-[44])
An application to vary, rather than obtain a fresh property freezing order, should have been made on notice. The court nevertheless held that the challenge to the earlier variation was far too late. (see paras [8]; [46])
[2026] EWHC 1745 (Admin) · 15 July 2026
Confirms a statutory opportunity to be heard for a person who may be affected before the court varies or discharges a property freezing order. That protection supported refusal of joinder and prospective notice. (see paras [24(iv)], [27])
[2020] EWHC 1242 (QB) · 18 May 2020Interprets
Confers a general discretion to vary or set aside a property freezing order. The court assessed the application on a balance-of-convenience basis and refused to discharge or reduce the order. (see paras [6], [11]-[23], [25])
What each judgment says about section 245B is in the case-law panel in the full Act.