---
title: "2026-024 Legal Support for Financial and Insolvency Matters"
ocid: "ocds-b5fd17-a86e83fd-8ab6-4d6e-9e87-12d7547c4514"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-a86e83fd-8ab6-4d6e-9e87-12d7547c4514"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-a86e83fd-8ab6-4d6e-9e87-12d7547c4514.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-a86e83fd-8ab6-4d6e-9e87-12d7547c4514.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "OFGEM"
published: "2026-04-17"
---

# 2026-024 Legal Support for Financial and Insolvency Matters

Buyer: OFGEM  
Current stage: Award  
OCID: ocds-b5fd17-a86e83fd-8ab6-4d6e-9e87-12d7547c4514

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## Summary

In the recent procurement process led by Ofgem, there was a requirement for legal support services focusing on financial and insolvency matters as part of the 2026-024 tender. This initiative, classified under the industry category of legal services, involved providing specialist technical legal advice to augment Ofgem’s internal team, particularly in analysing complex corporate and financial structures of energy suppliers. The procurement utilised an open procedure method and the contract was awarded to Hogan Lovells International LLP on 17 March 2026, with a contract period extending until 15 March 2028. The scope of work covers multiple regions, including the UK, Europe, and several British territories, reflecting its expansive reach and strategic importance following the introduction of Financial Resilience Principles and related standard licence conditions.

This procurement presents substantial growth opportunities for legal firms, especially those with competencies in financial legal advisory services and insolvency matters. Enterprises specialising in legal services, particularly SMEs, may find participating in such tenders lucrative due to the significant value placed on technical expertise in handling complex financial legal issues. With a budget of £240,000, this contract aimed to attract providers adept at delivering nuanced legal advisory and representation services, enabling them to scale their operations. Such opportunities are ideal for businesses looking to establish or expand their influence in providing legal solutions across a diverse range of jurisdictions, especially to high-profile clients like Ofgem.

## Notice

Following the introduction of the Financial Resilience Principles, Ofgem has been required to assess complex corporate and financial structures of energy suppliers. This requirement has become even more significant following the introduction of standard licence conditions on 31 March 2025, which oblige suppliers to satisfy both the Capital Floor and Capital Target. Ofgem therefore requires support from a supplier for short-term legal support services to augment the internal legal team, with a primary focus on delivering specialist technical legal advice in areas where the internal team may lack expertise. This support will be particularly directed towards advising on complex financial legal matters concerning a supplier's position. Ofgem will also require legal advice in respect of the practical applicability of enforcement of the Financial Resilience Principles (e.g., dealing with conflicting interpretations of definitions and interpretative analysis). It may also be necessary for this advice to address strategies for handling risks related to possible supplier insolvency.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/f5151e21-75a2-4f4d-b6c3-d0d2965c37b3 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | SME |
| Awardee scale | Not specified |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 17 Apr 2026 |
| Submission deadline | 1 Jan 2026 |
| Future notice date | Not specified |
| Award date | 17 Mar 2026 |
| Contract period | 17 Mar 2026 - 15 Mar 2028 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £240,000 |
| Lots value | Not specified |
| Awards value | £240,000 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | OFGEM |
| Locality | LONDON |
| Post town | East London |
| Postcode | E14 4PU |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI4 Inner London - East |
| ITL 3 | TLI42 Tower Hamlets |
| Local authority | Tower Hamlets |
| Electoral ward | Canary Wharf |
| Westminster constituency | Poplar and Limehouse |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | HOGAN LOVELLS INTERNATIONAL |

## CPV Codes

### Divisions

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

### Codes

- 79100000 - Legal services
- 79111000 - Legal advisory services
- 79112000 - Legal representation services
- 79140000 - Legal advisory and information services

## Release History

- 17 Apr 2026 at 16:45 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/f5151e21-75a2-4f4d-b6c3-d0d2965c37b3

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/f5151e21-75a2-4f4d-b6c3-d0d2965c37b3
  17th April 2026 - Awarded contract notice on Contracts Finder
- https://www.mytenders.co.uk/search/show/search_view.aspx?ID=APR171228
  NOTE: To register your interest in this notice and obtain any additional information please visit the myTenders Web Site at the link provided.

## Notice URLs

- http://www.ofgem.gov.uk

## Provenance

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