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Pinsent Masons says it published a guide to fixed security in Scotland
Pinsent Masons said it published an Out-Law guide to taking fixed security in Scotland, listing Natalie Colaluca and Shonagh Brown as contacts. The firm's guide examined the framework under the Moveable Transactions (Scotland) Act 2023 alongside existing rules, covering the assets that can be secured, registration and enforcement considerations for lenders.
Key points
- Pinsent Masons' guide discussed the Register of Assignations and the Register of Statutory Pledges created by the Act.Pinsent Masons
- The firm’s publication addressed security over shares and future claims.Pinsent Masons
- Pinsent Masons' guide noted that assets under specialist registration regimes, including aircraft and ships, are excluded.Pinsent Masons
- The firm's guide said the Act did not reform enforcement of standard securities over Scottish land.Pinsent Masons