A Practical Guide to Granting Corporate Security in Scotland is a brand new work created specifically for those with an interest in Scots security law.
• floating charges
• fixed security over shares
• assignations in security of contracts
• other assignations in security, e.g. bank accounts
• fixed security over moveable assets and standard securities over heritable property
This practical guide includes in-depth consideration of the corporate capacity of Scottish incorporated entities and covers drafting advice for granting security in relation to corporate approvals.
The author discusses legal opinions given by Scottish practitioners in the context of finance transactions, resulting in a valuable resource for small to large law firms, as well as market participants who regularly take or grant Scots law security.
The content is set out in three parts:
Capacity for Scottish Vehicles to Grant Security covers the capacity of the corporate granter in question to grant security and how to document
Scots Law Security advises on the drafting and perfecting of Scots law security documents
Administration deals with all administrative elements of Scots law security, including registration in corporate registers and release of security and the grant of legal opinions by Scots law practitioners
Key legislation includes:
• The draft Moveable Transactions (Scotland) Bill, published December 2017
• The Legal Writings (Counterparts and Delivery) Scotland Act 2015 and
• The Companies Act 2006 and Companies Act 1985
Jonathan Hardman LLB (Hons), Dip LP LLM is a Finance Lawyer and Honorary Lecturer at the University of Glasgow.