The case concerns the promoters of the failed Delta scheme in the early 1990s.
Since 2000 the Jersey Financial Services Commission (JFSC) has been trying to recoup an estimated £30 million lost to investors.
Last year they brokered a settlement with two of the respondents, Cater Allen Trust and Peter Stuart Langton, but continue to pursue Alasdair Pollock Pederson Black, Eila Black, and companies A P Black in London and Jersey.
After hearing further submissions last week from counsel for the JFSC and Mr Black, judge Commissioner Howard Page, QC, said although the Commission had a duty to bring proceedings, if it was satisfied that the Blacks had no assets it would be ‘inconceivable’ to pursue the case to the end.
However, he added that evidence available to the Commission suggested the couple did have ‘substantial’ assets.
