A draft bill promoted by the Scottish Law Commission aims to facilitate the execution in counterpart of contractual documents. Practitioners are encouraged to provide feedback
If two parties have reduced their agreement to writing and wish to separately execute copies of the agreement, they can validly do so under the law of Scotland. Do you agree?
Scottish practitioners have a unique opportunity to support the Scottish Law Commission to reaffirm this proposition by reviewing the draft Execution in Counterpart (Scotland) Bill and commenting to the Commission by no later than 31 January 2013. If the bill can be presented to the Scottish Government and Parliament as having the backing of commercial practitioners, this will undoubtedly help to secure its speedy implementation.
The full article has been published in this month's edition of The Journal.