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...

Shoosmiths has supported Watkin Jones in securing its plans for what will become Scotland's tallest residential building.The law firm advised the developer and manager of residential for-rent properties on its recent planning agreement for The Àrd - a 784-bed, purpose-built student accommodation (PBSA) led mixed-use development, part of the regeneration of Portcullis House, a brownfield site at Charing Cross, Glasgow. Glasgow City Council approved the plans for the 36-storey development, which will feature a range of high-quality amenities and a ground-floor café open to both residents and the public...

Law firm Shoosmiths has advised pan-European private equity firm Nimbus Investments (Nimbus) on its acquisition of National Floorcoverings Group, a Yorkshire based floor coverings company which has been under family ownership for more than 60 years.The transaction represents Nimbus's first UK investment out of its new Fund V investment vehicle following the successful exits of two UK manufacturing businesses earlier in the year. A multi-disciplinary team of experts from Shoosmiths advised on the deal, led by corporate partner James Foster and supported by principal associate Sophie Davies and associates Emily Egan, Maria Foanta and Amy Walton...