The duty of loyalty is often called the cardinal principle of fiduciary relationships, but is particularly strict in the law of trusts. In that context...
6 KB (782 words) - 00:35, 13 March 2024
of loyalty, as some argue that loyalty is strictly interpersonal and only another human being can be the object of loyalty. The definition of loyalty...
36 KB (4,254 words) - 11:01, 16 September 2024
their challenged decision, breached any one of the triads of their fiduciary duty — good faith, loyalty, or due care." Failing to do so, a plaintiff...
10 KB (1,561 words) - 18:50, 28 April 2024
Fiduciary (redirect from Breach of fiduciary duty)
persons of corporations and other entities owe three primary fiduciary duties, (1) the duty of care, (2) the duty of loyalty and (3) the duty of good faith...
57 KB (7,225 words) - 01:09, 21 June 2024
two basic fiduciary duties: (1) the duty of loyalty and (2) the duty to preserve client confidences. The lawyer's duty of loyalty is fundamental to the...
86 KB (11,085 words) - 08:09, 14 September 2024
although it is not clear whether they were for Duty or Loyalty or both. Commander Horatio Hornblower, captain of HMS Hotspur, and Maria Mason are married....
8 KB (933 words) - 02:54, 1 June 2024
Waste Management, Inc. (category Waste management companies of Canada)
committee of independent directors to negotiate the merger, and they didn't adequately consider the terms of the merger; they breached their duty of loyalty, and;...
27 KB (2,817 words) - 04:31, 11 September 2024
United States trust law (category Law of the United States)
generally UTC Section 802, comment, p. 127 ("the duty of loyalty [is] perhaps the most fundamental duty of the trustee.") UTC Section 802(a). UTC Section...
61 KB (9,271 words) - 15:54, 1 September 2023
concept of loyalty and treason, under which sovereignty resides with "The Nation" or "The People" - to whom also the monarch has a duty of loyalty, and for...
76 KB (9,794 words) - 19:48, 22 September 2024
Boardman v Phipps (category House of Lords cases)
trusts law case concerning the duty of loyalty and the duty to avoid conflicts of interest. Mr Tom Boardman was the solicitor of a family trust. The trust...
9 KB (1,222 words) - 11:13, 15 June 2024
that was offered by a third-party who was ignorant of the partnership. Furthermore, the duty of loyalty was breached where the partner appropriated to himself...
9 KB (1,097 words) - 02:41, 13 September 2023
recognized in this Circuit imposes a duty of loyalty on attorneys who are parties to a joint defense agreement, the duty of loyalty set forth in the proposed agreement...
9 KB (1,205 words) - 12:14, 25 March 2024
Legal doctrine (redirect from List of legal doctrine)
(2018). "The Duty of Loyalty in the Employment Relationship: Legal Analysis and Recommendations for Employers and Workers". Journal of Legal, Ethical...
6 KB (341 words) - 14:47, 5 April 2024
Regal (Hastings) Ltd v Gulliver (category House of Lords cases)
advantage of a corporate opportunity in violation of their duty of loyalty to the company. The Court held that a director is in breach of his duties if he...
5 KB (689 words) - 10:59, 25 August 2024
fiduciary duty are a director's duty of loyalty and (possibly) duty of good faith. Put simply, a director owes a duty to exercise good business judgment and...
5 KB (806 words) - 20:53, 5 April 2024
English trust law (section Duty of loyalty)
courts view the purpose of the trust, and the scope of a trustee's discretion. Beyond the essential duty of loyalty and duty of care, the primary task...
157 KB (22,992 words) - 16:24, 16 April 2024
Nonprofit organization (category Types of organization)
steering-committee members, or trustees who owe the organization a fiduciary duty of loyalty and trust. A notable exception to this involves churches, which are...
32 KB (3,616 words) - 10:42, 25 August 2024
German company law (section Directors' duties)
have similar duties to most jurisdictions, primarily a duty of loyalty, and a duty to exercise competent judgment. First, the duty of loyalty, or Treuepflicht...
12 KB (1,713 words) - 23:59, 20 August 2023
duty of loyalty. It deviated from the year 1726 rule laid down in Keech v Sandford that a fiduciary should leave open no possibility of conflict of interest...
5 KB (687 words) - 02:19, 13 September 2023
information and reporting system exists” is an act of bad faith in breach of the duty of loyalty.” US corporate law Re Barings plc (No 5) [1999] 1 BCLC...
8 KB (928 words) - 02:24, 13 September 2023
maintained and promoted. Further, the duty of confidentiality is a constant reminder to lawyers of the loyalty they owe to their clients. Another rationale...
11 KB (1,463 words) - 08:15, 22 September 2021
Martin Shkreli (category American businesspeople convicted of crimes)
claiming that he had breached his duty of loyalty to the biopharmaceutical company in a long-running dispute over his use of company funds and "committed stock-trading...
124 KB (10,382 words) - 22:05, 12 September 2024
doctrine is one application of the fiduciary duty of loyalty. The corporate opportunity doctrine does not apply to all fiduciaries of a corporation; rather...
3 KB (441 words) - 06:07, 5 August 2024
Notions of filial duty … are commonly invoked to mobilize the loyalties, labor power, and other resources children in the ostensible interests of the household...
17 KB (2,289 words) - 22:22, 5 August 2024
Aberdeen Rly Co v Blaikie Bros (category House of Lords cases)
is a UK company law case. It concerns the fiduciary duty of loyalty, and in particular, the duty not to engage in self-dealing. It laid down a basic rule...
8 KB (1,263 words) - 10:17, 15 July 2024
Insider trading (category Conflict of interest)
securities, in breach of a duty of loyalty and confidentiality, defrauds the principal of the exclusive use of the information. In lieu of premising liability...
96 KB (10,549 words) - 10:28, 19 September 2024
duty of loyalty" as well as "conspiracy to breach fiduciary duty." Rivalry is not limited to rank-and-file agents, but can take the form of public barbs...
45 KB (4,890 words) - 05:01, 9 September 2024
Keech v Sandford (category Exchequer of Pleas cases)
law, on the fiduciary duty of loyalty. It concerns the law of trusts and has affected much of the thinking on directors' duties in company law. It holds...
7 KB (1,027 words) - 21:02, 21 January 2024
International Airport Centers, L.L.C. v. Citrin (category United States Court of Appeals for the Seventh Circuit cases)
availability of data, a program, a system, or information." The court ruled that Citrin's authorization terminated with his breach of his duty of loyalty in quitting...
6 KB (650 words) - 13:28, 5 May 2020
possibility of a conflict of interest, without disclosure to the board or seeking approval from shareholders. This core duty of loyalty is manifested...
17 KB (2,390 words) - 09:57, 22 March 2024