Alicia Salvo

Erfahrung

The following represents experience acquired prior to joining Jones Day.

General Financial Services Disputes

Advised ME Bank on its dispute with Mastercard arising as a result of the migration of its debit and credit card portfolios to a new platform and provider.

Acted for SIV investors in a $30 million claim alleging misleading statements made in disclosure materials concerning the risk and investment profile of the Salter Brothers funds.

Acted for Rural Bank in a successful summary judgment application to defend a Supreme Court proceeding brought by a former customer alleging unconscionable conduct and misleading and deceptive conduct arising out of settlement of farm debt.

Acted for NAB to defend a claim with significant reputational risk brought by a former customer against NAB and MLC alleging inappropriate financial advice by a NAB employed financial advisor.

Acted for NAB in its long-running dispute with a large service provider to provide for its exit and insourcing of technology services.

Fraud, Investigations and Global Enforcement, and Asset Recovery

Acted for the official trustee in bankruptcy to investigate the fraudulent conduct and misappropriation of funds by a former registered bankruptcy trustee over a more than 10-year period across 30 active and 60 closed estates, including providing strategic advice on recovery and cross-border enforcement options.

Acted for City Built and its director to defend high-profile Federal Court proceedings and an ASIC investigation centered on the collapse of Keystone Asset Management Limited, the responsible entity of the A$480 million Shield Master Fund registered managed investment scheme and claims of fraud and misuse of payments exceeding A$158 million.

Acted for Bank of Queensland to investigate and defend a breach of mandate claim brought by a customer arising out of cheque fraud perpetrated by a former bookkeeper.

Regulatory Disputes

Retail superannuation fund (confidential): acted in relation to simultaneous ASIC and AFCA investigations into fee for no service contraventions and advising on remediation issues.

Acted for a Big 4 Australian Bank (confidential) in relation to an ACCC investigation into syndicated lending practices that ultimately successfully avoided civil penalty proceedings.

Restructuring and Insolvency

Acted for large retail and trading banks over decades with respect to the full spectrum of security enforcement and recovery matters including BOQ, CBA, NAB, Rural Bank, and Bendigo Bank.

Advised BOQ and receivers appointed to a large national concrete production group. Urgent issues arising during the course of the engagement included rolling appointments due to the complex nature of the security arrangements, identification of secured assets, and movement of funds offshore by the director.

Acted for BOQ in guarantor enforcement proceedings issued in the Supreme Court to pursue a high-net-worth director and shareholder of a large project development company with respect to personal guarantees provided to secure lending facilities.

Advised CBA and Metrics with respect to restraining orders imposed on secured properties under the Proceeds of Crime Act.

Advised real estate fund manager Qualitas on the restructure of its debt facilities exceeding $70 million following the collapse of the Caydon Property Group.