Award

Framework Agreement for the provision of legal services to the Development Bank of Wales

DEVELOPMENT BANK OF WALES

This public procurement record has 3 releases in its history.

Award

06 Oct 2023 at 12:06

Tender

27 Jul 2021 at 17:14

TenderUpdate

02 Jun 2021 at 13:14

Summary of the contracting process

The Development Bank of Wales recently completed an award process for a Framework Agreement for the provision of legal services. They were seeking legal services in the category of "Legal services" under four distinct lots, such as Financial Conduct Authority (FCA) legal advice and Property Development in North East England. The buying organization, Development Bank of Wales, located in Wrexham, UK, used an open procurement method and signed contracts with various suppliers for different services on 22nd April 2023.

This tender opportunity in the legal services industry offers businesses the chance to provide specialized legal services to the Development Bank of Wales. Companies experienced in providing legal advice on financial regulations, debt and equity investments, commercial contracts, and property development in North East England are well-suited to compete. The procurement stage for this tender has already been completed, and the key dates for contract signing were 22nd April 2023, highlighting the recent conclusion of this business opportunity.

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Notice Title

Framework Agreement for the provision of legal services to the Development Bank of Wales

Notice Description

To appoint a number of individual firms, each operating under a framework agreement to provide legal services under 4 distinct lots. This is a notice for social and specific services in accordance with Regulation 10 of the Public Contracts Regulations 2015. The Contracting Authority shall only be bound by the application of the Public Contracts Regulations to the extent that they are applicable to contracts for social and other specific services.

Lot Information

Financial Conduct Authority (FCA) legal advice

Within this discipline legal advice and services may be required in relation to, but not restricted to: - advice on new and existing FCA permissions for DBW, this includes but is not limited to: -CASS compliance -CCA compliance - proactive advice, guidance and updates regarding new legislation and case law which may affect DBW's activities and documentation.

Renewal: The appointed legal panel will operate for a period of 3 years with the option to extend for a further 12 months.

Fund Management & Corporate Advice

Within this discipline legal advice may be required in relation to, but not restricted to: - advice on Limited Partnership Agreements, Discretionary and Non-Discretionary Fund Management Agreements; - advice on fund structures in particular on and off balance sheet; - advice on issues related to establishing potential new funds; - advice on specific events during life of the fund; - fund management procurement advice; - Subsidy Control advice ; - company formation; - shareholder agreements and similar documents; - advice on corporate restructuring; - proactive advice, guidance and updates regarding new legislation and case law which may affect DBW's activities and documentation.

Renewal: The appointed legal panel will operate for a period of 3 years with the option to extend for a further 12 months.

Debt and Equity Investment and Commercial Contracts

Within this discipline legal advice and services may be required in relation to, but not restricted to: - advice on all aspects of debt and equity investment, from early-stage pre-revenue businesses to significant development capital and succession transactions, banking and registration together with pre-investment due diligence and ongoing corporate governance advice; - investment structures may include debt only, equity only, or a combination of debt and equity; - drafting, reviewing and advising on commercial contracts of all types, including but not limited to: - Investment Agreements - Articles of Association - Equity Warrants - Executive and non-executive directors' service contracts - loan and mezzanine funding agreements and associated documents - supply of goods and services - consultancy contracts - business transfer - sale and purchase agreements - joint ventures - grants and other funding agreements; - drafting and registration of Legal Charges over land and property; - drafting, review and (where necessary) registration of security documentation including (but not limited to) debentures, personal and corporate guarantees, chattels mortgages, and assignments of life policies; - drafting and review of intercreditor agreements, deeds of priority, deeds of postponement; deeds of subordination and letters/deeds of variation; - release of security; * litigation related to the exercise of functions by DBW including: - commercial/contractual claims or arbitration - employment tribunals - restructuring related actions and documentation; - proactive advice, guidance and updates regarding new legislation and case law which may affect DBW's activities and documentation.

Renewal: The appointed legal panel will operate for a period of 3 years with the option to extend for a further 12 months.

Property Development - North East England

Within this discipline legal advice and services may be required in relation to funding for Property Development schemes in North East England, including but not restricted to: - drafting and review of documentation and advice on all aspects of property development investments to construction companies undertaking developing small-scale, commercial and residential property developments, including but not limited to: - Loan agreements and associated documents; - Build Contracts; - Planning consents; - Environmental Reports; - Valuation reports; - Surveyors reports; - Reports on Title; - Step-in rights; - Collateral warranties; - Relevant Insurances; - Pre-sale and pre-let agreements;. - preparing and Legal Charges over land and property, including registration at the Land Registry; - Other filing security documentation, including registration at Companies' House where necessary at the Land Registry/Companies' Hous;e. - litigation related to the exercise of functions by DBW including: - commercial/contractual claims or arbitration; - employment tribunals; - restructuring related actions and documentation. - proactive advice, guidance and updates regarding new legislation and case law which may affect DBW's activities and documentation

Renewal: The appointed legal panel will operate for a period of 3 years with the option to extend for a further 12 months.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02acdb
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/029532-2023
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large, SME

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security


CPV Codes

79100000 - Legal services

Notice Value(s)

Tender Value
£12,500,000 £10M-£100M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£1,250,000 £1M-£10M

Notice Dates

Publication Date
6 Oct 20232 years ago
Submission Deadline
4 Jun 2021Expired
Future Notice Date
Not specified
Award Date
21 Apr 20223 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
DEVELOPMENT BANK OF WALES
Contact Name
Sarah Patnett
Contact Email
procurement@developmentbank.wales
Contact Phone
+44 2920338100

Buyer Location

Locality
CARDIFF
Postcode
CF10 4BZ
Post Town
Cardiff
Country
Wales

Major Region (ITL 1)
TLL Wales
Basic Region (ITL 2)
TLL3 North Wales
Small Region (ITL 3)
TLL34 Flintshire and Wrexham
Delivery Location
Not specified

Local Authority
Wrexham
Electoral Ward
Brynyffynnon
Westminster Constituency
Wrexham

Supplier Information

Number of Suppliers
5
Supplier Names

BERRY SMITH

BLAKE MORGAN

CAPITAL LAW

GELDARDS

HUGH JAMES

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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