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A decision from the Ontario Superior Court (‘OSC’) provides a useful summary of the common law ‘red flags’ which help creditors and insolvency practitioners identify when a bankrupt’s assets are held in a sham trust. Of interest was the expert evidence showing a font used in a trust documents was not invented until seven years after the document was supposed to have been created.

The Jersey Financial Services Commission has published a consultation on extending its decision making process to include the imposition of civil penalties on principal persons.

Nancy Chien will be speaking at Jersey Finance’s breakfast briefing on International Savings Plans (ISPs) on 5 March at The Royal Yacht Hotel. As chairman of the Jersey Pensions Association, Nancy has been instrumental in lobbying for and shaping the ISP schemes in Jersey. She will be giving an overview of the ISPs, the uses and benefits of ISPs and is also taking part in a panel discussion with a number of other industry experts.

Jersey’s housing issues have been a continuing topic of discussion in recent years. However, the housing-needs survey published in late January brought the subject to the fore as it estimated that 7,000 new homes would be needed by 2030 (including 1,100 first-time buyer family homes). That survey also highlighted that there was a lack of incentive for property owners to downsize.