Tessa Durham
Tessa is a knowledge lawyer in UK law firm TLT’s banking and restructuring team. She specialises in restructuring and insolvency law and has a particular interest in complex personal insolvency issues.
Tessa has extensive practical experience in contentious and non-contentious corporate and complex personal insolvency law and has completed a secondment with the Barclays Business Support Legal Team in London. Prior to becoming a knowledge lawyer she advised banks on enhancement and enforcement of security. She also regularly advised insolvency practitioners on appointments, trading issues, disposals of businesses and assets and court applications. Tessa works closely with the restructuring and insolvency team and their clients, delivering training, responding to technical queries and coordinating, producing and maintaining internal and external guidance.
Practice Area
Panel
- Specialist Panel
1 Contributions by Tessa Durham
PRACTICE NOTES
Scotland: Moveable Transactions Act 2023—assignations, statutory pledges, new registers and enforcement: implications for secured lending, invoice finance and insolvency
STOP PRESS :
The Moveable Transactions (Scotland) Act 2023 (the Act) took effect on 1 April 2025, together with the following connected regulations:
The Moveable Transactions (Register of Assignations and Register of Statutory Pledges Rules) (Scotland) Regulations 2024, SSI 2024/381, which set out rules for the Register of Assignations and the Register of Statutory Pledges under the Act;
The Moveable Transactions (Forms) (Scotland) Regulations 2024, SSI 2024/379, prescribing the form of a pledge enforcement notice and the form of a correction demand under the Act;
The Moveable Transactions (Scotland) Act 2023 (Financial Collateral Arrangements and Financial Instruments) (Consequential Provisions and Modifications) Order 2025, SSI 2025/275, bringing financial collateral arrangements and financial instruments within the scope of the reforms;
The Registers of Scotland (Fees and Plain Copies) Miscellaneous Amendments Order 2025, SSI 2025/103.
General overview of the changes
In Scots law, property is divided into heritable property (land, buildings and rights over land) and moveable property (everything else). Moveable property can be corporeal or incorporeal. Corporeal property is essentially tangible and includes items such as plant and machinery and work in progress. Incorporeal property is intangible and includes things such as intellectual property, debts and receivables. The Moveable, as outlined above...
Restructuring & Insolvency
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