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Topic Scottish independence? The implications for the insurance market
Speakers Professor Hector MacQueen, Professor of Private Law at the University of Edinburgh; Patrick Layden QC, former Deputy Solicitor to the Scottish Government; Stephen Phillips, partner in the Edinburgh office of CMS Cameron McKenna

Date / time
1:00 pm

A referendum is to be held on 18th September on the question whether Scotland should become an independent country and this BILA lunchtime event will focus on the implications for the UK insurance industry of a “Yes” vote.  In association with the Lloyd’s Market Association (LMA)

Topics to be discussed will include the consequences of Scottish independence for the legal systems of Scotland and the UK; the effect on the insurance industry (including possible changes to insurance law); the implications for Scotland’s membership of the EU; currency issues; and financial services regulation in an independent Scotland.

  • Hector MacQueen has taught law at Edinburgh University since 1979, and currently holds the chair of Private Law there.  He is presently on leave of absence, serving as a Scottish Law Commissioner since September 2009.  His academic interests include contract law and legal history, and he is the lead Scottish Commissioner on the Law Commissions’ joint project on Insurance Law.
  • Patrick Layden was called to the Scottish Bar in 1973.  From 1977 to 1999, in the Lord Advocate’s Department, London, he drafted primary legislation for Scotland, and advised the UK Government on questions of Scottish, public, constitutional and European law.  After devolution, he carried out similar advisory work for the Scottish Government, before becoming a Scottish Law Commissioner in 2008.  He is currently lead commissioner on the Scottish Law Commission’s project on compulsory purchase.
  • Stephen Phillips is a partner in the Edinburgh office of CMS Cameron McKenna.  Stephen advises a wide range of banks, insurance companies, other financial institutions and corporate clients on financial law matters, including advising on the validity of complex legal structures and financial products under Scots law. Stephen is a member of the Banking, Company and Insolvency Law Committee of the Law Society of Scotland.


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