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Conflicts of interest have been described as the most pervasive issue facing modern lawyers. [4] Legal conflicts rules are at their core corollaries to a lawyer's two basic fiduciary duties: (1) the duty of loyalty and (2) the duty to preserve client confidences. [5]
Wikipedia is edited by volunteer contributors. The conflict-of-interest Wikipedia guideline is a "generally accepted standard that editors should attempt to follow". This guideline strongly discourages COI editing and advises those with a financial conflict of interest, including paid editors, to refrain from direct article editing.
The trustee may be compensated and have expenses reimbursed, but otherwise turn over all profits from the trust and neither endebt nor riskily speculate on the assets without the written, clear permission of all adult beneficiaries. There are strong restrictions regarding a trustee with a conflict of interest. Courts can reverse a trustee's ...
Conflicts of interest increase the likelihood of biases arising; they can harm the quality of research and the public good (even if disclosed). [3] Conflicts of interest can involve research sponsors, authors, journals, journal staff, publishers, and peer reviewers.
Someone having a conflict of interest is a description of a situation, not a judgment about that person's opinions, integrity, or good faith. COI editing is strongly discouraged on Wikipedia. It undermines public confidence and risks causing public embarrassment to the individuals and companies being promoted.
The fiduciary has a duty not to be in a situation where personal interests and fiduciary duty conflict, not to be in a situation where their fiduciary duty conflicts with another fiduciary duty, and a duty not to profit from their fiduciary position without knowledge and consent. A fiduciary ideally would not have a conflict of interest.
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Although Currie's critics now outnumber his defenders, interest analysis is still the most popular vehicle for teaching conflict of laws in American law schools, and it provides "the very language of contemporary conflicts theory". [8] In interest analysis, the court must determine whether any conflict between the laws of the states is a true ...