Shoosmiths LLP

The UK Government has now enacted secondary legislation to reflect the new “go live” date of the Procurement Act 2023 (the “Act”) on 24 February 2025. On 16 September 2024, the Procurement Act 2023 (Commencement No 3 and Transitional and Saving Provisions) (Amendment) Regulations 2024 (SI 2024/959) (“Amendment Regulations”) were made. The Amendment Regulations amend the date that the majority of the provisions of the Act will come into force from 28 October 2024 to 24 February 2025. This follows the recent Cabinet Office announcement that the “go live” date would be delayed...

On 4 September 2024, the Cabinet Office published further guidance on the Procurement Act 2023 (the ‘Act’) which is now due to “go live” on 24 February 2025. The new guidance covers contract modifications under the Manage phase of the commercial pathway. Contract modifications may need to be made to reflect commercial reality, as demands and circumstances change throughout the lifetime of the contract. Modifications may only be made if at least one of the ten grounds set out in section 74 and Schedule 8 to the Act applies...

Law firm Shoosmiths has advised Five Arrows and CGE Partners (CGE) on their investment in Intact, a leading provider of end-to-end auditing workflow software to certification bodies, standard setters, and, more recently, corporates.Management and the previous majority shareholder, technology investor IMCap Partners, will retain a stake in the business. The Shoosmiths deal team was led by corporate partners Amit Nayyar, Elizabeth Ward, Claire Checketts and Holly Hirst, alongside support from legal director Toby Richards-Carpenter,  senior associates Adam Frost and Brodie Thomson and associate Bruce Fitzpatrick.  Intact digitises complex workflows in the certification processes...

Shoosmiths’ real estate investment group reported a continuing improvement in market activity and sentiment during Q3 2024 (July 1 - September 30).The most active sector for deals was industrials, with the group advising on acquisitions and disposals, as well as the build to rent market. Example transactions include advising TT Group on two industrial-led deals - the sale of Eldon Way Trading Estate in Biggleswade, Bedfordshire, to Chesham Capital and the acquisition of Saxby Road Industrial Estate in Leicestershire, a multi-let industrial and warehousing asset...