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Prescription Bill introduced


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More clarity for creditors pursuing and debtors defending claims.

A bill to reform the law of negative prescription, by which certain legal rights disappear if not acted upon, has been introduced to the Scottish Parliament.

The Prescription (Scotland) Bill will refine the law to increase clarity, certainty and fairness for those in dispute over certain rights and obligations, such as rights and obligations under a contract, and allow for more effective use of time and resources.

The bill implements recommendations from the Scottish Law Commission which highlighted issues within the law of negative prescription that can cause difficulty in practice, leading to unnecessary inconvenience and expense.

 

Read more .....

 

https://www.gov.scot/news/prescription-bill-introduced/

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