diff --git a/CHANGELOG.md b/CHANGELOG.md
index de0f0bc..13254f9 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,6 +1,11 @@
 # Changelog
 
-## 2024-10-23
+## 2024-10-24
+### Added
+- Updated default [`version`](https://github.com/overleaf/toolkit/blob/master/lib/config-seed/version) to `5.2.0`.
+- Drop support for Docker Compose v1. [How to switch to Compose V2](https://docs.docker.com/compose/releases/migrate/#how-do-i-switch-to-compose-v2).
+  Docker Compose v1 has reached its End Of Life in July 2023.
+
 ### Changed
 - If set, the `overleaf.rc` entry `GIT_BRIDGE_IMAGE` must be specified without the version now.
 
diff --git a/lib/config-seed/version b/lib/config-seed/version
index ac14c3d..91ff572 100644
--- a/lib/config-seed/version
+++ b/lib/config-seed/version
@@ -1 +1 @@
-5.1.1
+5.2.0
diff --git a/lib/docker-compose.base.yml b/lib/docker-compose.base.yml
index 1ef3599..4e061bc 100644
--- a/lib/docker-compose.base.yml
+++ b/lib/docker-compose.base.yml
@@ -1,5 +1,4 @@
 ---
-version: '2.2'
 services:
 
     sharelatex:
diff --git a/lib/docker-compose.git-bridge.yml b/lib/docker-compose.git-bridge.yml
index 0bd17a2..540cc6f 100644
--- a/lib/docker-compose.git-bridge.yml
+++ b/lib/docker-compose.git-bridge.yml
@@ -1,5 +1,4 @@
 ---
-version: '2.2'
 services:
 
     git-bridge:
diff --git a/lib/docker-compose.logging.yml b/lib/docker-compose.logging.yml
index 64124f8..07a242b 100644
--- a/lib/docker-compose.logging.yml
+++ b/lib/docker-compose.logging.yml
@@ -1,5 +1,4 @@
 ---
-version: '2.2'
 services:
   sharelatex:
     volumes:
diff --git a/lib/docker-compose.mongo.yml b/lib/docker-compose.mongo.yml
index 01297e8..8a2d6dc 100644
--- a/lib/docker-compose.mongo.yml
+++ b/lib/docker-compose.mongo.yml
@@ -1,5 +1,4 @@
 ---
-version: '2.2'
 services:
 
     mongo:
diff --git a/lib/docker-compose.nginx.yml b/lib/docker-compose.nginx.yml
index 9088381..50677e7 100644
--- a/lib/docker-compose.nginx.yml
+++ b/lib/docker-compose.nginx.yml
@@ -1,5 +1,4 @@
 ---
-version: '2.2'
 services:
 
   nginx:
diff --git a/lib/docker-compose.redis.yml b/lib/docker-compose.redis.yml
index 0c70fba..5c79814 100644
--- a/lib/docker-compose.redis.yml
+++ b/lib/docker-compose.redis.yml
@@ -1,5 +1,4 @@
 ---
-version: '2.2'
 services:
 
     redis:
diff --git a/lib/docker-compose.sibling-containers.yml b/lib/docker-compose.sibling-containers.yml
index 12dd6f6..898742f 100644
--- a/lib/docker-compose.sibling-containers.yml
+++ b/lib/docker-compose.sibling-containers.yml
@@ -1,5 +1,4 @@
 ---
-version: '2.2'
 services:
   sharelatex:
     volumes:
diff --git a/lib/docker-compose.vars-legacy.yml b/lib/docker-compose.vars-legacy.yml
index 9c97bbe..41b1afc 100644
--- a/lib/docker-compose.vars-legacy.yml
+++ b/lib/docker-compose.vars-legacy.yml
@@ -1,5 +1,4 @@
 ---
-version: '2.2'
 services:
 
   sharelatex:
diff --git a/lib/docker-compose.vars.yml b/lib/docker-compose.vars.yml
index 54ae1cc..1e16aa1 100644
--- a/lib/docker-compose.vars.yml
+++ b/lib/docker-compose.vars.yml
@@ -1,5 +1,4 @@
 ---
-version: '2.2'
 services:
 
   sharelatex: