Jurisdiction(s):
United Kingdom

Key definition

Purpose definition

What does Purpose mean? In practice, Purpose describes the permitted activities and use of information in connection with a proposed or agreed standstill or restructuring. It is a contractual defined term, not set by legislation or case law, and its use is broadly consistent across England and Wales, Scotland, Northern Ireland and Ireland. Purpose means the evaluation, negotiation, documentation, monitoring and implementation of a standstill agreement or a restructuring agreement, together with ancillary steps reasonably necessary for that outcome. This typically includes due diligence; formulating and assessing proposals; seeking, granting and recording waivers or consents; preparing, amending and executing finance, intercreditor and security documents; coordinating...

Jackson reforms three months on: early CPR case law on costs budgeting, funding, case management, disclosure and proportionality (England and Wales)

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Practice notes

ARCHIVED

This archived Practice Note is not maintained and is provided solely for background information. Further, some of the hyperlinks may no longer direct you to the provisions as they stood at the date the guidance in this Practice Note was published.

costs budgeting

Costs budgeting is presented as a cornerstone of the reforms, seeking to bring control to expenditure during litigation and to ensure costs are kept within reasonable and proportionate bounds. Against that backdrop, what, over the past three months, has been done to help practitioners understand how all of this will operate in practice?

Exemptions—will they remain in place?

The first point to make is that the court-specific exemptions have been under scrutiny since before the reforms even took effect. A sub-committee of the Civil Procedure Rule Committee has now been convened to consult on whether the costs budgeting exemptions ought to remain. Following a preliminary meeting, the sub-committee agreed that consultation was necessary, and a report is scheduled to be made to the full CPR Committee in October 2013...

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Web page updated on 21/05/2026

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