Corporate Opportunity: A Primer - Part 1

Lisa Peters

The corporate opportunity doctrine is a prophylactic and, some might say, restrictive rule which prohibits fiduciaries from taking for themselves or diverting to an associate or affiliate a maturing business opportunity which their beneficiary is actively pursuing, or which their beneficiary can be said to have some connection to or expectancy of, and which the beneficiary might have had an interest in pursuing had the fiduciary disclosed its existence to him or her.