Powered by Lexis+®
Jurisdiction(s):
United Kingdom
Related legal acts

UK CMA phase 2 decision on Copart’s acquisition of Hills Motors (Green Parts): unconditional clearance; penalties for IEO and section 109 breaches

Practice notes
imgtext

CASE HUB ARCHIVED

This archived case hub sets out the position as at the decision date of 14 July 2023; it is no longer updated. See further, timeline.

Case facts

Outline UK merger investigation into the completed purchase by Copart, Inc. of Green Parts Specialists Holdings Ltd (formerly named ILT Project) (Hills Motors). The deal involves horizontal overlaps in the provision of salvage vehicle commercialisation services and in the supply of salvage vehicles.

Latest developments

On 15 December 2023, the CMA served a penalty notice on Copart, Inc. CPRT LLP for failing to comply with the initial enforcement order (IEO) issued by the CMA on 9 August 2023. The CMA determined that Copart committed three distinct breaches of the IEO, stemming from conduct relating to three requests for proposals for salvage and related services issued by three separate insurers. Copart submitted, and continued to negotiate, proposals that combined elements of the Hills Motors business with Copart’s own. Two proposals were lodged before the IEO, but negotiations continued after it was in force. The third proposal was both submitted and negotiated once the IEO had taken effect. The CMA imposed...

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.
Web page updated on 22/05/2026

Popular documents

When evaluating a general damages claim, the practitioner ought initially to refer to the Judicial College Guidelines (JCG)...

Read More Right Arrow

This Practice Note This Practice Note reviews mechanisms used in settling litigation. A Tomlin order consists of a consent order paired with a schedule. It operates to stay proceedings on terms that have been agreed. The provisions contained in the schedule may remain confidential. This Practice Note describes the scope of confidentiality attaching to the schedule and sets out how it differs from a standard consent order. Sample wording for a Tomlin order is included, alongside links to precedents, as well as guidance on court approval. It also addresses varying, setting aside and enforcing a Tomlin order, including the considerations the court will take into account when handling applications for each. Further guidance is provided on interpreting and applying the relevant provisions of the CPR; however, some courts and divisions impose very specific requirements for both drafting and approval, and for approaching the schedule and confidentiality issues. Accordingly, you must consider the particular rules and court guide provisions in the forum where your claim is proceeding when drawing up the Tomlin order...

Read More Right Arrow

Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...

Read More Right Arrow

I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...

Read More Right Arrow