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Scotland

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Scotland Discount Rate

It will now be the job of the UK Government Actuary's Department (GAD) to recommend a new Scottish Discount Rate for Scotland.  The GAD must report to Scottish Ministers with its recommendations for…

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What constitutes a “final judgment”?

This was the question asked of the Sheriff Appeal Court in SITEMAN PAINTING AND DECORATING SERVICES LIMITED v  SIMPLY CONSTRUCT (UK) LLP [2019] SAC (Civ) 13. The Appellants and Defenders sought to…

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Power shift in Professional Indemnity market

In recent years insurance brokers working in the construction Professional Indemnity (PI) market have been used to conveying to their clients the buying power they held in a “soft market” due to the…

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Discount Rate Scotland

On Tuesday afternoon the Damages (Investment Returns and Periodical Payments) (Scotland) Bill was approved by the Scottish Parliament. The Bill is now an Act of the Scottish Parliament and is likely…

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