Mark Chavez, GC of Ocean Point Terminals, Creates Success from an Environmental Mess in a Caribbean Paradise
When Mark Chavez was brought on board as general counsel at Ocean Point Terminals in June 2021, he knew he had his work cut out for him. Its major client, a refinery on the island of St. Croix in the U.S. Virgin Islands, had been shut down by the EPA after a series of environmental incidents and was barreling towards bankruptcy. With the two companies bound together in service agreements that threatened both, all he had to do was negotiate a divorce with the other company, fend off four class-action lawsuits, defend dozens of other lawsuits, arrange more than $100 million in bridge financing and new capital, help re-permit the refinery and salvage the company's relationship with its island neighbors.
He did it; pretty much all of it. And as a result, Mark Chavez is a finalist for GC of the Year for a Small Legal Department (five or less lawyers) in the 2023 Houston Corporate Counsel Awards.
