The goal of this project was to develop a lightweight Monte-Carlo (MC) event generator for hyperon pair production in antiproton-proton collisions, and demonstrate it in one of the hyperon decay reaction channels, which is collisions of proton and antiproton to lambda hyperon and anti-lambda hyperon, and they decay to antiproton-positive pion pair, and proton-negative pion pair. The prototype of this external MC event generator we presented here is based on the software framework of ROOT. Compared to the corresponding framework of embedded MC event generators that is currently used in the PANDA experiment at FAIR, PandaRoot, it allows for easier and quicker testing of new models or formalisms on synthetic data, for example for studying spin observables like polarisation. The event generator was benchmarked by studying angular distributions in final states, which are constructed by kinematic relations of 4-momentum vectors in different reference frames for all mother and daughter particles.