diff --git a/codbex-contracts/package.json b/codbex-contracts/package.json
index 0973a58..021b780 100644
--- a/codbex-contracts/package.json
+++ b/codbex-contracts/package.json
@@ -12,6 +12,6 @@
         "build": "tsc"
     },
     "dependencies": {
-        "@codbex/codbex-companies": "0.5.0"
+        "@codbex/codbex-companies": "1.1.0"
     }
 }