The Scottish Law Commission’s proposals to reform the law on moveable and intellectual property have been backed by the Scottish Parliament’s Delegated Powers and Law Reform Committee.
The Moveable Transactions (Scotland) Bill aims to reform the law to make it easier for businesses and individuals to raise finance using moveable property, like cars, machinery and intellectual property. Two new registers would be created to enable this reform.
Evidence shared with the committee in person and in writing provided almost universal support for the reforms in the Bill as they apply to businesses.
