Understanding fiduciary duties: conflict of interest and proper exercise of judgment in private law
Type de ressource
Auteur/contributeur
- Valsan, Remus (Auteur)
Titre
Understanding fiduciary duties: conflict of interest and proper exercise of judgment in private law
Résumé
This dissertation analyses the content and justification of the notion of fiduciary duties in private law relations. The thesis promotes the following understanding of fiduciary duties: in a legal relation where one party undertakes to act in the interests of another, and acquires decision-making authority over the other's interests, such party undertakes a core duty to exercise his best judgement in the other's interests. The core judgement duty requires a fiduciary to exercise judgement based on relevant considerations. While what constitutes a relevant consideration can be determined objectively, the weight to be ascribed to each relevant factor is left at the fiduciary's subjective appreciation.Due to the existence of this core duty, the law imposes a set of proscriptive duties. The proscriptive duties require a fiduciary to manage situations of conflict of interest. Their purpose is prophylactic: they aim to prevent self-interest (or another duty to exercise proper judgement) from affecting the reliability of fiduciary's judgement in a conscious or subconscious way. The proscriptive duties protect the core duty to exercise judgement and, as a result, the beneficiary's right to a proper exercise of judgement by the fiduciary.
Type
Doctoral Thesis
Université
McGill University
Lieu
Montréal
Date
2012
Langue
EN
Référence
Valsan, R. (2012). Understanding fiduciary duties: conflict of interest and proper exercise of judgment in private law [Doctoral Thesis, McGill University]. https://escholarship.mcgill.ca/downloads/3484zm50h?locale=en
Thèses et Mémoires
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