I think I've found a fix - found an old post in the Ubuntu forums (2010) and I just wanted to make sure to really test this before posting. I haven't had any disconnects so far and tested it for a couple of days now.

There is two packages:

isc-dhcp-client
isc-dhcp-common

They were installed but not up to date - by upgrading them in Synaptic Package Manager seems to solve this issue.

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