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Under the Moveable Transactions (Scotland) Act 2023, major changes to how to create effective fixed security over certain types of assets located in Scotland (including Scottish shares and bank accounts) took effect on 1 April 2025.
Get all of the details on the two forms of fixed security over current and future moveable assets (statutory pledge and assignation of claims) and what this means for lenders and security agents on existing and future deals taking security over Scottish assets.
Download our updated guide below, which confirms that Scottish shares and bank accounts fall within the scope of the new regime.
Please contact Chris McLauchlan and/or Beate McBurnie if you have any questions.
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This article is for general information only and reflects the position at the date of publication. It does not constitute legal advice.
