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Article: Establishing factual and legal causation in a fiduciary's liability to account for profits

TitleEstablishing factual and legal causation in a fiduciary's liability to account for profits
Authors
Issue Date2006
PublisherSweet & Maxwell Asia. The Journal's web site is located at http://www.hku.hk/law/hklj/
Citation
Hong Kong Law Journal, 2006, v. 36 n. 3, p. 443-460 How to Cite?
AbstractThe fiduciary doctrine holds that a fiduciary must avoid a conflict of duty and personal interest and must not derive any profit from his fiduciary position. Liability for breach attracts the more extensive remedies of equity's armoury, including the gain-stripping remedy of an account of profits. With respect to a fiduciary's liability to account, although Hong Kong courts recognise that a causal connection between a breach and its ensuing gain is required, there have so far been scant judicial remarks on this front. This article argues that issues of causation and remoteness in the award of an account of profits for a breach of fiduciary duty can be determined by a two-stage inquiry. First, this article examines the possible approaches to establishing factual causation and suggests that a probabilistic approach to causation may be a better way forward. The answer to the second inquiry depends on the nature and purposes of the equitable principles involved.
DescriptionAnalysis
Persistent Identifierhttp://hdl.handle.net/10722/74935
ISSN
2015 Impact Factor: 0.215
2015 SCImago Journal Rankings: 0.101

 

DC FieldValueLanguage
dc.contributor.authorLee, Ren_HK
dc.date.accessioned2010-09-06T07:06:13Z-
dc.date.available2010-09-06T07:06:13Z-
dc.date.issued2006en_HK
dc.identifier.citationHong Kong Law Journal, 2006, v. 36 n. 3, p. 443-460en_HK
dc.identifier.issn0378-0600en_HK
dc.identifier.urihttp://hdl.handle.net/10722/74935-
dc.descriptionAnalysis-
dc.description.abstractThe fiduciary doctrine holds that a fiduciary must avoid a conflict of duty and personal interest and must not derive any profit from his fiduciary position. Liability for breach attracts the more extensive remedies of equity's armoury, including the gain-stripping remedy of an account of profits. With respect to a fiduciary's liability to account, although Hong Kong courts recognise that a causal connection between a breach and its ensuing gain is required, there have so far been scant judicial remarks on this front. This article argues that issues of causation and remoteness in the award of an account of profits for a breach of fiduciary duty can be determined by a two-stage inquiry. First, this article examines the possible approaches to establishing factual causation and suggests that a probabilistic approach to causation may be a better way forward. The answer to the second inquiry depends on the nature and purposes of the equitable principles involved.-
dc.languageengen_HK
dc.publisherSweet & Maxwell Asia. The Journal's web site is located at http://www.hku.hk/law/hklj/en_HK
dc.relation.ispartofHong Kong Law Journalen_HK
dc.rightsCreative Commons: Attribution 3.0 Hong Kong License-
dc.titleEstablishing factual and legal causation in a fiduciary's liability to account for profitsen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0378-0600&volume=36&issue=3&spage=443&epage=460&date=2006&atitle=Establishing+factual+and+legal+causation+in+a+fiduciary%27s+liability+to+account+for+profitsen_HK
dc.identifier.emailLee, R: rwcl@hku.hken_HK
dc.description.naturepublished_or_final_version-
dc.identifier.hkuros133591en_HK
dc.identifier.volume36-
dc.identifier.issue3-
dc.identifier.spage443-
dc.identifier.epage460-

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