bto solicitors - Corporate & Commercial Business Lawyers Glasgow Edinburgh Scotland

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BTO produces blogs on a regular basis.  Please search for the topics of interest to you.

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The Dormant Assets Bill 2021

16 June 2021

The Dormant Assets scheme was originally introduced by the Dormant Bank and Building Society Accounts Act 2008 (“2008 Act”). The aim of the Scheme was to allow social and environmental causes in the UK to benefit from ‘dormant assets’ of which Banks and Building societies had been unable to reunite with their owners. The Dormant Assets Bill proposes to significantly expand the current scheme by allowing assets from additional sectors to be transferred to the Reclaim Fund (“RF”), to be subsequently distributed to British charities. The Government reports that “estimates suggest that an expanded Scheme has the potential to make around £880million available for social and environmental causes in the UK”, of which 8.4% would be attributed to Scotland.

Price Scoring - Does the perfect formula exist?

08 July 2016

In previous eUpdates: Price Scoring - Getting it wrong? / Price Scoring, Fair Work Practices...and the Living Wage, I discuss relative and absolute price scoring formulas – the disadvantages of the former and the potential advantages of the latter. I also cover a price scoring formula that may assist in promoting fair working practices.

Price scoring, Fair Work Practices … and the Living Wage

08 June 2016

In a previous eUpdate Price scoring - Getting it wrong? I discuss the anomalies thrown up by the use of “relative price scoring formulas”. I show that the use of such formulas may not only lead to potential breaches of public procurement laws, but that they also encourage a “race to the bottom” as tenderers “naturally” wish to obtain the highest score – and they can only do so by pricing as low as they can.

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