Scotland to introduce new form of execution (for documents)

Table of contents

• Original news
• What is the purpose of the Bill?
• Can Scots law documents (either simple or the equivalent of a deed in English law) not already be signed in counterpart?
• Why has it taken so long for Scotland to catch up with the useful business technique of execution in counterparts?
• With international business and a fast moving world, are parties using some form of execution by electronic means already?
• Are there any documents which will not be allowed to be executed by electronic means?
• When is this Bill likely to pass into law?
• Do you think it will improve execution of documents under Scots law?

Article summary

Banking & Finance analysis: What next for the execution of documents in Scotland? Scott Burns, partner at CMS, comments on a Bill before the Scottish Parliament which he says will make it easier to finalise transactions in a practical and timely way.