What is required to establish a fiduciary relationship outside of the established categories?
Ontario, Canada
The following excerpt is from Boal v. International Capital Management Inc., 2022 ONSC 1280 (CanLII):
In Hodgkinson v. Simms, La Forest J. summarizes what is required to establish a fiduciary relationship outside of those relationships that are considered category relationships in this way: Thus, outside of the established categories, what is required is evidence of a mutual understanding that one party has relinquished its own self-interest and agreed to act solely on behalf of the other party.
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