Jurisdiction(s):
United Kingdom

Key definition

Event of default definition

What does Event of default mean? An event of default is a contractually defined trigger that, when it occurs, entitles the non-defaulting party to terminate the contract and/or exercise agreed remedies (for example, accelerate debt, enforce security, suspend performance or step in). It is not a statutory term; its meaning depends on the wording of the contract and is used across finance, commercial and derivatives documentation (for example, LMA loans and the ISDA Master agreement). Typical events include non-payment, breach of covenants or undertakings, misrepresentation, insolvency or insolvency proceedings, cross-default, illegality, change of control and material adverse change. Clauses often require notice, allow a cure or...

England and Wales: CPR PD 51B Automatic Orders Pilot (2009–2012) — Automatic Stays and Strike‑outs for Allocation Questionnaire and Pre‑trial Checklist Defaults [Archived]

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Practice notes

ARCHIVED : Warning: this is for historical purposes only. This pilot scheme has now ended.

Where and when did it apply?

The Automatic Pilot Scheme (the Scheme) applied to all claims started on or after 1 October 2009 and continued until 30 September 2012.

What was it?

Under the Scheme, if a party defaulted by failing to file key documents during the proceedings, their claim was automatically struck out without any further order from the court. In addition, where parties wished to obtain a stay of proceedings to explore settlement, there was no automatic strike out; instead, an automatic order was made granting a stay. It was therefore important to recognise the situations in which the Scheme operated, namely:

all parties requested a stay of the proceedings for a one‑month period
any party failed to file an allocation questionnaire
a party did not file a pre‑trial checklist where the case involved a single claimant and a single defendant and had been allocated to the fast track

The provisions of the Scheme were contained in Practice Direction 51B...

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Web page updated on 21/05/2026

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