Sally Stitz has managed a wide range of disputes in the energy and resources sector in relation to joint venture arrangements, sale and purchase agreements, off-take arrangements, operations, and audits. Prior to joining Jones Day in 2020, Sally acted for one of Australia's largest coal seam gas producers in two complex Supreme Court of Queensland proceedings relating to the sale and purchase of coal seam gas interests and the conduct of one of Australia's largest coal seam gas to liquefied natural gas (LNG) projects.
She acted for leading investment and retail banks in an array of litigious and contentious regulatory matters, including HSBC in the bank charges test case and regulatory investigation in London, which involved litigation between eight major retail financial institutions and their regulator, and the management of thousands of proceedings between the bank and its customers, to determine whether terms providing for unarranged overdraft charges constituted penalties or unfair terms. Sally also managed disputes arising out of the collapse of the Parmalat Group, Lehman Brothers Australia Limited (in liquidation), and the Octaviar (formerly MFS) Group.
In addition, she acted for Swiss and UK insurance companies in the TAG Group Litigation in London involving the prosecution of more than 600 solicitors for negligence and breach of contract regarding the handling of tens of thousands of individual matters.
The following represents experience acquired prior to joining Jones Day.
Banking and Financial Services Litigation
Acted for international retail banks in litigious and contentious regulatory matters involving collateralized debt obligations and other debt securities, rogue trading incidents, and actions for recovery of foreign tax credits.
Acted for the liquidators of two Octaviar Group subsidiaries in relation to the insolvent administration of those companies, including the management of intercompany and creditor disputes and third-party claims.
Advised the liquidators of Lehman Brothers Australia Limited on the insurance-related aspects of the winding up involving an investor class action, successful settlement of claims on local and global insurance policies, and the development of an investor claims resolution process.
Acted for Deutsche Bank in insolvency litigation arising from the collapse of the Parmalat Group, including successfully settling multiple claims by the Italian Extraordinary Administrator, managing Italian criminal insolvency-related proceedings, and advising on the management of claims by tens of thousands of investors.
Acted for insolvency practitioners in urgent and contentious circumstances, including obtaining orders appointing administrators to the UK subsidiaries of major Icelandic banks.
Acted on a diverse range of issues across multiple industries, including share sale disputes, directors' duties, members' remedies, restraints of trade, negligent valuations, negligent audits, asset sale agreements, prospectus and offering document liabilities, fraud/lease/license disputes, and stock lending issues.
Advised the UK subsidiary of an international financial services provider on enforcement action undertaken by the former Financial Services Authority.
Advised on various investigations by the Office of Fair Trading, former Financial Services Authority, and the Serious Fraud Office in London.
- University of Queensland (LL.B. Hons. 1999; Bachelor of Commerce 1997)
- Supreme Court of Queensland and High Court of Australia