Fiduciary Law

Author: Tamar Frankel

Publisher: Oxford University Press

ISBN: 019539156X

Category: Law

Page: 313

View: 437


In Fiduciary Law, Tamar Frankel examines the structure, principles, themes, and objectives of fiduciary law. Fiduciaries, which include corporate managers, money managers, lawyers, and physicians among others, are entrusted with money or power. Frankel explains how fiduciary law is designed to offer protection from abuse of this method of safekeeping. She deals with fiduciaries in general, and identifies situations in which fiduciary law falls short of offering protection. Frankel analyzes fiduciary debates, and argues that greater preventive measures are required. She offers guidelines for determining the boundaries and substance of fiduciary law, and discusses how failure to enforce fiduciary law can contribute to failing financial and economic systems. Frankel offers ideas and explanations for the courts, regulators, and legislatures, as well as the fiduciaries and entrustors. She argues for strong legal protection against abuse of entrustment as a means of encouraging fiduciary services in society. Fiduciary Law can help lawyers and policy makers designing the future law and the systems that it protects.

Contract, Status, and Fiduciary Law

Author: Paul B. Miller,Andrew S. Gold

Publisher: Oxford University Press

ISBN: 0198779194


Page: 352

View: 2396


Contractual and fiduciary relationships are the two primary mechanisms through which the law facilitates coordinated pursuit of our personal interests. These fields are often represented in oppositional terms, and many accept the distinction that contract law allows an individual to pursue their interests independently, while fiduciary law allows an individual to pursue their interests in a dependent or interdependent way. Relying on this distinction, however, seems to suggest that the boundaries between the fields of contract and fiduciary law are fixed rather than fluid. Bringing together leading theorists to analyse critically important philosophical questions at the intersection of contract and fiduciary law, Contract, Status, and Fiduciary Law demonstrates that popular characterizations of the relationship between contract and fiduciary law are overly simplistic. By considering how contract and fiduciary law interact, and not just how they differ, the contributors to this volume offer new insights into a range of topics, including: status relationships, voluntary undertakings, duties of loyalty, equity, employment law, tort law, the law of remedies, political theory, and the theory of the firm.

Does the Operator in a Joint Operating Agreement Owe a Fiduciary Duty to Non-Operators?

Author: Shamsu Yahaya

Publisher: GRIN Verlag

ISBN: 3640528174


Page: 28

View: 565


Studienarbeit aus dem Jahr 2009 im Fachbereich Politik - Internationale Politik - Region: USA, University of Abertay Dundee (Centre for energy, petroleum and mineral law and policy), Sprache: Deutsch, Abstract: The classification of the operator's relationship with the non-operators in a Joint Operating Agreement is an issue that deserves some scrutiny. Is the operator a fiduciary or not? In an attempt to answer this question, this paper will take a case study of the United States model Joint Operating Agreement forms and undertake an analysis of judicial interpretations and approaches to the provisions in the Model Forms regarding the duties and liabilities of operators. Both Common Law and Equity have classically imposed fiduciary duties on trustees and agents. The courts, as we shall see, have, however rendered different connotations in ascertaining the operator's duties despite the clear language used in the Model Forms exempting the operator from fiduciary obligations. The conclusion at the end will highlight the position of the law in other jurisdictions outside the USA.

Philosophical Foundations of Fiduciary Law

Author: Andrew S. Gold,Paul B. Miller,Paul B. Miller (Law teacher)

Publisher: Oxford University Press, USA

ISBN: 0198701721

Category: Law

Page: 436

View: 6759


Fiduciary law is one of the most important areas of private law, governing a wide range of relationships that affect people in their daily lives. These new and innovative essays explore the foundations of fiduciary relationships and the duties fiduciaries owe to their beneficiaries.

Fiduciary Duty and the Atmospheric Trust

Author: Charles Sampford,Ken Coghill,Tim Smith

Publisher: Routledge

ISBN: 1317135466

Category: Law

Page: 312

View: 6606


This book explores the application of concepts of fiduciary duty or public trust in responding to the policy and governance challenges posed by policy problems that extend over multiple terms of government or even, as in the case of climate change, human generations. The volume brings together a range of perspectives including leading international thinkers on questions of fiduciary duty and public trust, Australia's most prominent judicial advocate for the application of fiduciary duty, top law scholars from several major universities, expert commentary from an influential climate policy think-tank and the views of long-serving highly respected past and present parliamentarians. The book presents a detailed examination of the nature and extent of fiduciary duty, looking at the example of Australia and having regard to developments in comparable jurisdictions. It identifies principles that could improve the accountability of political actors for their responses to major problems that may extend over multiple electoral cycles.

Fiduciary Law and Responsible Investing

In Nature’s trust

Author: Benjamin J. Richardson

Publisher: Routledge

ISBN: 1135941130

Category: Law

Page: 352

View: 2491


This book is about fiduciary law’s influence on the financial economy’s environmental performance, focusing on how the law affects responsible investing and considering possible legal reforms to shift financial markets closer towards sustainability. Fiduciary law governs how trustees, fund managers or other custodians administer the investment portfolios owned by beneficiaries. Written for a diverse audience, not just legal scholars, the book examines in a multi-jurisdictional context an array of philosophical, institutional and economic issues that have shaped the movement for responsible investing and its legal framework. Fiduciary law has acquired greater influence in the financial economy in tandem with the extraordinary recent growth of institutional funds such as pension plans and insurance company portfolios. While the fiduciary prejudice against responsible investing has somewhat waned in recent years, owing mainly to reinterpretations of fiduciary and trust law, significant barriers remain. This book advances the notion of ‘nature’s trust’ to metaphorically signal how fiduciary responsibility should accommodate society’s dependence on long-term environmental well-being. Financial institutions, managing vast investment portfolios on behalf of millions of beneficiaries, should manage those investments with regard to the broader social interest in sustaining ecological health. Even for their own financial self-interest, investors over the long-term should benefit from maintaining nature’s capital. We should expect everyone to act in nature’s trust, from individual funds to market regulators. The ancient public trust doctrine could be refashioned for stimulating this change, and sovereign wealth funds should take the lead in pioneering best practices for environmentally responsible investing.

Research Handbook on Fiduciary Law

Author: D. Gordon Smith,Andrew S. Gold

Publisher: Edward Elgar Publishing

ISBN: 1784714836


Page: 480

View: 7043


The Research Handbook on Fiduciary Law offers specially commissioned chapters written by leading scholars and covers a wide range of important topics in fiduciary law. Topical contributions discuss: various fiduciary relationships; the duty of loyalty and other fiduciary obligations; fiduciary remedies; the role of equity; the role of trust; international and comparative perspectives; and public fiduciary law. This Research Handbook will be of interest to readers concerned with both theory and practice, as it incorporates significant new insights and developments in the field.

Lender Liability and Banking Litigation

Author: Edward F. Mannino

Publisher: Law Journal Press

ISBN: 9781588520500

Category: Law

Page: 800

View: 4138


This book analyzes theories of liability and provides in-depth discussion of: RICO; planning, budgeting and monitoring litigation from the perspective of inside counsel and more.

The Foundations of Anglo-American Corporate Fiduciary Law

Author: David Kershaw

Publisher: Cambridge University Press

ISBN: 1108651135

Category: Law

Page: N.A

View: 4227


This book explores the foundations and evolution of modern corporate fiduciary law in the United States and the United Kingdom. Today US and UK fiduciary law provide very different approaches to the regulation of directorial behaviour. However, as the book shows, the law in both jurisdictions borrowed from the same sources in eighteenth- and nineteenth-century English fiduciary and commercial law. The book identifies the shared legal foundations and authorities and explores the drivers of corporate fiduciary law's contemporary divergence. In so doing it challenges the prevailing accounts of corporate legal change and stability in the US and the UK.

Cambridge Handbook of Institutional Investment and Fiduciary Duty

Author: James P. Hawley,Andreas G. F. Hoepner,Keith L. Johnson,Joakim Sandberg,Edward J. Waitzer

Publisher: Cambridge University Press

ISBN: 1139867741

Category: Business & Economics

Page: N.A

View: 3656


The Cambridge Handbook of Institutional Investment and Fiduciary Duty is a comprehensive reference work exploring recent changes and future trends in the principles that govern institutional investors and fiduciaries. A wide range of contributors offer new perspectives on the dynamics that drive the current emphasis on short-term investment returns. Moreover, they analyze the forces at work in markets around the world which are bringing into sharper focus the systemic effects that investment practices have on the long-term stability of the economy and the interests of beneficiaries in financial, social and environmental sustainability. This volume provides a global and multi-faceted commentary on the evolving standards governing institutional investment, offering guidance for students, researchers and policy-makers interested in finance, governance and other aspects of the contemporary investment world. It also provides investment, business, financial media and legal professionals with the tools they need to better understand and respond to the new financial market challenges of the twenty-first century.

Law Commission: Fiduciary Duties of Investment Intermediaries: A Consultation Paper - Consultation Paper No 215

A Consultation Paper

Author: Great Britain. Law Commission

Publisher: The Stationery Office

ISBN: 9780108512728

Category: Law

Page: 298

View: 2249


The consultation paper Fiduciary Duties of Investments Intermediaries: A Consultation Paper follows on from the Kay Report on UK Equity Markets and Long Term Decision Making (see below), and uses pensions as the example, tracing a chain of intermediaries from the prospective pensioner/saver to the registered shareholder of a UK company. There are well established duties on pension trustees to act in the best interests of scheme members, and it looks at how far these duties require trustees to maximize financial return over a short time scale, and how far trustees can consider other factors such as environmental and social impact. The consultation asks: Whether the law is right to allow trustees to consider ethical issues only in limited circumstances? Whether the legal obligations on trustees are conducive to investment strategies in the best interests of the ultimate beneficiaries? and if not, what specifically ne

System der vorteilsorientierten Haftung im Vertrag

Gewinnhaftung und verwandte Haftungsformen anhand von Treuhänder und Trustee

Author: Ole Böger

Publisher: Mohr Siebeck

ISBN: 9783161500077

Category: Law

Page: 1143

View: 8431


English summary: In the area of gain-based damages, i.e. liability based upon the debtor's gains rather than the creditor's losses, the German legal discussion was traditionally focused on extra-contractual liability, especially in the area of intellectual property law. Ole Boger describes the system of gain-based damages in German contract law. He analyzes the underlying principles behind well-known examples of these claims and differentiates between three sub-types, each of which fulfils different purposes such as deterrence or avoidance of under-compensation. The analysis in this study and its attempt to close existing gaps in German contract law are supported by extensive references to English law, especially with regard to the fiduciary liability of trustees and to ongoing developments and discussions on topics such as restitutionary liability for breach of contract, efficient breach of contract and disgorgement damages. German description: Vorteilsorientierte Haftungsformen stellen nicht auf Schaden des Verletzten oder auf die Ruckgangigmachung von Vermogensverschiebungen ab, sondern auf Gewinne und andere Vorteile der anderen Partei. Wahrend bisher in Form von Bereicherungsrecht oder dreifacher Schadensberechnung primar die ausservertragliche vorteilsorientierte Haftung untersucht wurde, widmet sich Ole Boger dieser Haftung im Vertragsrecht und fuhrt ihre Einzelauspragungen wie den 285 BGB, die Haftung des Geschaftsbesorgers nach 667 BGB und die Eintrittsrechte des HGB auf allgemeine Prinzipien zuruck. Anhand einer rechtsvergleichenden Heranziehung von Trust und Treuhand entwickelt er so ein System der vorteilsorientierten Haftung aus drei Grundtypen, welches die Einzelfalle dieser Haftung fortentwickelt sowie deren Verstandnis scharft und zugleich das Problem einer allgemeinen Gewinnhaftung im Vertrag beantwortet.

Health Care Reform & the Law in Canada

Meeting the Challenge

Author: Timothy A. Caulfield,Barbara Von Tigerstrom

Publisher: University of Alberta

ISBN: 9780888643667

Category: Performing Arts

Page: 288

View: 863


Sweeping changes are being proposed as Canadians examine our health care system. But what are the legal implications of health care reform? In this timely collection, lawyers and legal scholars discuss a variety of topics in health care reform, including regulation of private care, interpretation of the Canada Health Act, and the constitutional implications of proposed reforms. Barbara von Tigerstrom is currently studying at the University of Cambridge in England. Timothy Caulfield lives in Edmonton, where he teaches at the University of Alberta.

Trusts Law

Text and Materials

Author: Graham Moffat

Publisher: Cambridge University Press

ISBN: 9781139445283

Category: Law

Page: N.A

View: 8863


With its unique contextual emphasis and authoritative commentary, Trusts Law: Text and Materials is a book that no serious undergraduate on trust law courses can afford to be without. The book is divided into four main parts: trusts and the preservation of family wealth; trusts and family breakdown; trusts and commerce; and trusts and non-profit activity. Within each of these parts, leading cases, statutes, and historical and research materials are placed alongside the narrative of the author's text to give emphasis both to general theories of trust concepts and to the practical operation of trusts. Attention is also given to important themes such as the developing relationship between trusts law and other areas of private law such as the Law of Restitution. This new edition takes account of all relevant judicial and legislative developments since the third edition, and expands discussion of key themes in current developments of the law.