Part 13: General Schedule 8: Permitted contract modifications Transfer on corporate restructuring
Paragraph 9 provides that a novation (or in Scotland, assignment) of a public contract to a supplier that is not an excluded supplier is a permitted modification if it is required following a corporate restructuring or similar circumstance.  A corporate restructuring could include sale of a business as part of a planned strategy, or one that has been required following the insolvency of the supplier.