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Official Report: search what was said in Parliament

The Official Report is a written record of public meetings of the Parliament and committees.  

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Dates of parliamentary sessions
  1. Session 1: 12 May 1999 to 31 March 2003
  2. Session 2: 7 May 2003 to 2 April 2007
  3. Session 3: 9 May 2007 to 22 March 2011
  4. Session 4: 11 May 2011 to 23 March 2016
  5. Session 5: 12 May 2016 to 4 May 2021
  6. Current session: 13 May 2021 to 31 October 2025
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Displaying 2313 contributions

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Delegated Powers and Law Reform Committee

Instrument not subject to Parliamentary Procedure

Meeting date: 4 October 2022

Stuart McMillan

Is the committee content with the instrument?

Members indicated agreement.

Delegated Powers and Law Reform Committee

Instrument not subject to Parliamentary Procedure

Meeting date: 4 October 2022

Stuart McMillan

As agreed earlier, we now move into private.

12:22 Meeting continued in private until 12:45.  

 

Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 4 October 2022

Stuart McMillan

We will come on to a range of questions that will involve that.

My final question concerns the business-to-business opportunities of the bill. Will any particular sector of the business community benefit primarily if the bill were to pass?

Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 4 October 2022

Stuart McMillan

Before I bring in Mike Dailly, just on that point about the use of Scots law and English law, do you know what type of financial sum Scotland is losing out on, annually, as a consequence of the current law?

Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 4 October 2022

Stuart McMillan

Yes, if you are brief.

Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 4 October 2022

Stuart McMillan

That is okay. I will bring in Mr Hardman and then go back to Bill Kidd. I am conscious of the time that we have this morning.

Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 4 October 2022

Stuart McMillan

Before I bring in Mr Dailly, I will ask for clarification from Mr Patrick. In response to Oliver Mundell’s question, you mentioned the workaround. Would the bill put in place a consistent approach to transfer, compared with workarounds that might be different depending on particular transactions?

Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 4 October 2022

Stuart McMillan

I have a supplementary question. Can you please provide some examples, Mr Dailly? You have said that consumers might be protected on some aspects but not all. When might a consumer be protected, and when might they not be?

Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 4 October 2022

Stuart McMillan

Jeremy Balfour has a supplementary.

Delegated Powers and Law Reform Committee

Moveable Transactions (Scotland) Bill: Stage 1

Meeting date: 4 October 2022

Stuart McMillan

Dr Patrick, can you explain how the current law in Scotland affects businesses’ ability to access finance?