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Anderson Strathern Legal Updates

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August 2014

Supreme Court varies Scots rules on prescription of claims

The UK Supreme Court has issued its opinion in the case of David T Morrison & Co Ltd v ICL Plastics Ltd and others [2014] UKSC 48, which recasts the way the Scots law of prescription operates in certain circumstances.

Personal insolvency in Scotland updated

The Scottish Government has passed The Bankruptcy and Debt Advice (Scotland) Act 2014 (“the 2014 Act”). The 2014 Act aims to establish a balance between the interests of creditors and debtors in matters relating to personal insolvency.

July 2014

Changes to Scottish Insolvency Rules

On 1 May 2014 the Insolvency (Scotland) Amendment Rules 2014 (“the 2014 Rules”) were laid before the Scottish Parliament and came into force on 30 May 2014. They modify the Rules which govern administrations, liquidations and receiverships in Scotland. The Insolvency (Scotland) Rules 1986 (“1986 Rules”) previously regulated these areas and there are a number of changes which are of importance to insolvency practitioners working in Scotland.

Rent Review - Roxburgh Mains, Kelso

The Land Court issued its determination of the rent payable for the farm of Roxburgh Mains, Kelso as at 28 May 2009 in terms of Section 13 of the Agricultural Holdings (Scotland) Act 1991 on 11 June 2014.

Looking into the future – personal taxation in Scotland

In the event of a Yes vote in the independence referendum, Scotland will have the power to create its own system of taxation and will need to provide for its own collection of taxes. In the event of a No vote, it is highly likely that further tax-raising powers will be devolved to the Scottish Government in Holyrood.

The Bank of Mum and Dad

Mounting student debt, paid employment harder to come by and little to spare for retirement savings – welcome to the “debt-eration”: the young people of today who are facing long-term financial challenges.

Scottish property market review

The Scottish property market has experienced a considerable shift in activity in the last six months. Generally speaking, sales volumes have increased across the country, but just how much depends on location.

June 2014

Review of Agricultural Holdings Legislation Interim Report

On Friday 20 June 2014, the Agricultural Holdings Legislation Review Group issued its Interim Report: a comprehensive document that sets out the areas that will form the basis of the Group’s work and thinking over the summer.

Extending the Community Right to Buy in Scotland

The Scottish Government has recently published the Community Empowerment (Scotland) Bill which reflects the Government's policy principles of subsidiarity, community empowerment and improving outcomes.

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