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2012-05-01

Document Cited authorities 1 Cited in Related
Vincent
Published date01 May 2012
Date01 May 2012
AuthorHamish Patrick,Hugh Beale,George L Gretton,Ross Gilbert Anderson
DOI10.3366/elr.2012.0106
Pages261-282
<p>In June 2011 the Scottish Law Commission published its Discussion Paper on <italic>Moveable Transactions</italic>.<xref ref-type="fn" rid="fn1"><sup>1</sup></xref><fn id="fn1"><label>1</label><p>Scot Law Com DP No 151, 2011.</p></fn> Much of this addresses the thorny subject of reform of security over both corporeal and incorporeal moveable property. This subject has not had a happy history either north or south of the border. The introduction of the floating charge to Scotland in 1961 has proved controversial, because although its comprehensive nature is welcome to lenders, its underlying English equity principles do not fit well with a civilian system of property law.<xref ref-type="fn" rid="fn2"><sup>2</sup></xref><fn id="fn2"><label>2</label><p>See e.g. <italic>Sharp v Thomson</italic> <a href="https://vlex.co.uk/vid/sharp-v-thomson-805618861">1997 SC (HL) 66</a>.</p></fn> Further, the last forty years have seen a number of unimplemented reform proposals both in Scotland and the rest of Great Britain.<xref ref-type="fn" rid="fn3"><sup>3</sup></xref><fn id="fn3"><label>3</label><p>See chapter 10 of the Discussion Paper.</p></fn></p> <p>On 28 October 2011 the Edinburgh Centre for Private Law<xref ref-type="fn" rid="fn4"><sup>4</sup></xref><fn id="fn4"><label>4</label><p><ext-link ext-link-type="uri" xlink:href="http://www.law.ed.ac.uk/centreforprivatelaw/" xlink:type="simple"><italic>http://www.law.ed.ac.uk/centreforprivatelaw/</italic></ext-link>.</p></fn> held a symposium on the parts of the Discussion Paper relating to security. Shortened versions of the papers follow. George Gretton, a former Scottish Law Commissioner and the principal author of the Discussion Paper, outlines the proposals. Ross Anderson subjects these...</p>

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