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.