diff --git a/package.json b/package.json
index 1b5390926..294c557f4 100644
--- a/package.json
+++ b/package.json
@@ -81,7 +81,7 @@
     "@gnosis.pm/mock-contract": "^3.0.8",
     "@gnosis.pm/owl-token": "^4.0.0",
     "@gnosis.pm/solidity-data-structures": "1.3.5",
-    "@gnosis.pm/util-contracts": "2.0.7",
+    "@gnosis.pm/util-contracts": "3.0.1",
     "@openzeppelin/contracts": "=2.5.1",
     "@truffle/contract": "^4.3.2",
     "@typechain/truffle-v5": "^2.0.2",
diff --git a/yarn.lock b/yarn.lock
index d86f4d0a9..cc8f7ce98 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -302,10 +302,10 @@
   resolved "https://registry.yarnpkg.com/@gnosis.pm/util-contracts/-/util-contracts-2.0.0.tgz#562b14a2d6cb4a59189476dd0f6aaeba5f65abe2"
   integrity sha512-vRgTV36d4ZFdcetKcNbnAtSDrP3OSWEj8YmG3RHK4DBMulPX2asRh8VnopTrZnZQ8enZIDbT1pT7buW+UJqd4g==
 
-"@gnosis.pm/util-contracts@2.0.7":
-  version "2.0.7"
-  resolved "https://registry.yarnpkg.com/@gnosis.pm/util-contracts/-/util-contracts-2.0.7.tgz#b28073890a6a6be8458a7d7952c8541788fd020f"
-  integrity sha512-+8V0C/E4aGMudeMQBNDLidE3GwfM4XSySuT39wON8wpj9ocNyIsV4U+4YTfEOyUQ9PafKloWr78W5OhkOX9eqQ==
+"@gnosis.pm/util-contracts@3.0.1":
+  version "3.0.1"
+  resolved "https://registry.yarnpkg.com/@gnosis.pm/util-contracts/-/util-contracts-3.0.1.tgz#6fe9b4577e10b07b645b5284f2577e3a5ab5f201"
+  integrity sha512-M+6ntjS5qD8c8c5HlQELM0OPWZf/cWdJKO3MLEPdKAwo/Ej1J6AUi5wIZgjkIVA6MyOb5wf/DleXjIrFjplYlQ==
   dependencies:
     "@truffle/hdwallet-provider" "^1.0.42"