The Consequences of China Fund Institutions and Their Practitioners Violating the Obligation of Good Faith.
The consequences of fund institutions and employees' breach of fiduciary duty in China are administrative punishment and administrative supervision measures, self-discipline measures and disciplinary actions, criminal legal liability, civil compensation liability and reputation loss. The obligation of good faith is a very important obligation in common law countries, and there are many translations in China (for example, the obligation of good faith or the obligation of accepting trust). It is usually regarded as the obligation of the trustee to act for the best interests of the lender in a specific relationship.