A new law which makes it easier for Scottish businesses to borrow against their moveable assets could help unlock more cross-border investment, a banking expert believes. The Moveable Transactions (Scotland) Act came into force on April 1, bringing Scotland’s lending legislation into alignment
Moveable Transactions
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New moveable property reforms are due to come into force in Scotland in April, brought about in response to widespread concerns that the current legal framework was outdated and inhibited economic growth, writes Ahsan Mustafa. The Moveable Transactions (Scotland) Act 2023 was enacted on 13 June
Many would acknowledge that Scots law in relation to security over moveables has been behind the curve for some considerable time and that businesses based in or conducting business in Scotland have been disadvantaged as a result, writes Euan Cluness. The legal profession and Scottish businesse