One year on: the Moveable Transactions (Scotland) Act and the new reality of Scottish lending
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One year on: the Moveable Transactions (Scotland) Act and the new reality of Scottish lending
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In this episode of Podcasts by Brodies, we hear from banking and finance partner James Wilson and senior associate Lindsay Lee who explore the impact of the Moveable Transactions (Scotland) Act 2023 one year after its introduction.
Described as the most significant reform of Scottish banking law for a generation, the Act has transformed how security is taken over moveable assets. James and Lindsay discuss what has changed in practice, the benefits for lenders and borrowers, the potential challenges and how the new registers set up under the Act are bedding in.
Drawing on real examples, they also reflect on whether the Act has delivered on its promise and what the next few years could hold for Scottish lending – as well as how businesses can prepare.
All information in this episode was correct at the time of recording. The content of Podcasts by Brodies does not constitute legal advice.