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ARTICLE · 08 APRIL 2025

Moveable Transactions (Scotland) Act: Implementation, At Last!

Addleshaw Goddard
Addleshaw Goddard
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Addleshaw Goddard

Addleshaw Goddard

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The eagerly awaited implementation of the Moveable Transactions (Scotland) Act 2023 (Act) takes place today, 1 April 2025.

ScotlandFinance and Banking

The eagerly awaited implementation of the Moveable Transactions (Scotland) Act 2023 (Act) takes place today, 1 April 2025. The changes introduced by the Act will result in a step-change in the approach to secured finance transactions in Scotland and it's important to be ahead of the curve so that you can take full advantage of the opportunities that these reforms bring. To assist you in considering and responding to the long-overdue improvements in Scots law, we've taken a closer look at the key elements of the legislation and its impact across various sectors.

For too long, the security regime relating to moveable assets in Scotland has been outdated, often leading to lenders not taking fixed security over these assets at all. Today, the Act comes into force, bringing with it long-awaited reforms that will greatly improve the security options available to borrowers and lenders operating in Scotland.

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