MARIA RAQUEL S. CHAVEZ

Raquel has been a practicing lawyer in the fields of Banking, Securities, Energy, Corporate and Commercial Law. Among other relevant work, she served as the legal consultant to the Philippine Electricity Market Corporation ("PEMC") in relation to the commercial operations of the Philippine Wholesale Electricity Spot Market ("WESM") from 2003 to 2006. Formerly an associate attorney at Ortega del Castillo Bacorro Odulio Calma and Carbonell Law Office. She served as legislative aide to the Secretary of Finance from January to March 2001. She also served as corporate counsel for Banco de Oro Universal Bank from 1999 to 2000. She was admitted to the Philippine bar in 1997. In 2006, she completed the course on Trust Operations and Investment Management from the Trust Institute of the Philippines and graduated with distinction.

Relevant Experiences

  • Part of the legal team that is currently assisting the Renewable Energy Coalition under the direction of the National Renewable Energy Board ("NREB") in the filing before the Energy Regulatory Commission for approval of the Feed-in Tariffs (FITs) for solar, run-off-river hydropower, wind, biomass and ocean resources. Work includes assisting in the drafting of the petition, liaising with the NREB and representatives of renewable energy developers in preparation for filing with ERC, and preparing for the public consultations to be conducted by the ERC.
  • Serves as Philippine counsel to a solar power developer based in the Netherlands in its proposed solar power projects in the Philippines.
  • Serves as Philippine counsel of companies intending to engage in the assessment, exploration and development of wind power resources in the Ilocos Region. Work primarily involved corporate structuring and review and negotiations for engineering, procurement and construction contract for wind energy projects. Work likewise involves providing legal advice on the company's US$ 170 Million multi-currency project financing.
  • Serves as legal advisor to a local project company establishing a 125,000 liter per day bioethanol plant in Magallanes, Cavite. Work involves corporate structuring, project financing and the review and negotiation of its engineering, procurement and construction contract.
  • Acted as counsel to a leading Philippine geothermal power generation company on its PhP16 Billion project financing for its newly acquired power generation assets.
  • Acted as local legal counsel to an off-shore publicly listed company in its proposed investment in a local mining company. Work included providing legal advice in relation to the legal framework of mining rights in the Philippines, conducting legal due diligence on the existence, legality and good standing of subject mining claim, as well as the negotiations and closing of financial and corporate documents of target company.
  • Served as Philippine counsel to a UK based company in relation to its exploration, development and operating contracts with the Department of Energy. Work includes review of the service contracts, farm-in arrangements including enforceability and assignability of the same; structuring and implementation of investments in the Philippine subsidiary.
  • Served as Philippine counsel to several international financial institutions in relation to the cross border financing of petroleum exploration, development and production of service contractors operating in the Philippines. Work includes review of service contracts and other project documents, review and drafting of finance documents and security arrangements and assistance in closing.
  • Served as legal advisor for the Department of Energy and Department of Finance of the Republic of the Philippines in negotiating a US$163 Million Deferred Payment Facility for the purchase and sale of natural gas between the National Power Corporation and an international consortium of natural gas suppliers.
  • Served as Philippine counsel to a Mindanao based coal power generation company on its US$80 Million refinancing with a leading financial institution.
  • Served as lead counsel to a publicly listed holding company engaged in power generation for its issuance of PhP 6.89 Billion Notes and Bonds.
  • Served as counsel to a local microfinance institution and a foreign financial advisor on a PhP500 Million fixed rate notes issuance.
  • Served as transaction counsel to financial advisors in relation to a major financing program for the Philippine government in the amount of PhP40 Billion.
  • Served as lender's counsel for several financing transactions including a PhP1.5 Billion financing for a major Philippine television network and a US$50 Million financing transaction intended for a major Philippine group of companies engaged in power generation.
  • Acted as counsel to an originator of Contracts to Sell for a portfolio of real properties in relation to the securitization of PhP1.5 Billion worth of the receivables.
  • Served as lead legal advisor to the Philippine Electricity Market Corporation (PEMC) in its preparation of the Wholesale Electricity Spot Market (WESM) and during the WESM commercial operations.
  • Served as lead transaction adviser to a publicly listed holdings corporation for the proposed acquisition of a planned integrated ethanol plant with dedicated sugar cane farm to be located in Southern Philippines. Work includes conduct of due diligence on the viability of the biofuels project; review and preparation of transaction and relevant project documents.
  • Acted as local legal adviser to several international financial institutions and investment funds on the purchase and sale of distressed assets or collateralized loan obligation whether through single asset transaction or portfolio transactions. Work includes review and drafting of sale and purchase documentation, due diligence review of portfolio and assistance in closing.
  • Served as lead transaction adviser for a proposed PhP2 Billion Fixed Rate 7 Year Corporate Notes Issuance of a government owned and controlled corporation.
  • Acted as counsel to the Issuer for a PhP6.8 Billion Fixed Rate Corporate Notes and Bonds issuance.
  • Assisted the Philippine Senate in the drafting of a primary legislation on Asset Securitization in the Philippines. Work included review of the legislative bill, advice on asset-backed securitization, and comparative review of securitization models adopted in other jurisdictions.
  • Assisted in the proposed P6 Billion asset securitization of a non-stock savings and loans association, and provided legal advisory on securitization structure, compliance with laws and regulations of the Bangko Sentral ng Pilipinas and the Securities & Exchange Commission. Also assisted the Bangko Sentral ng Pilipinas in preparing regulations governing asset-backed securitization of non-stock savings and loans associations.
  • Acted as advisor to a local banking institution on the implementation of its rehabilitation plan approved by the Bangko Sentral ng Pilipinas.
  • Handles general corporate matters for the local bank. Work ranges from compliance with regulations of the Bangko Sentral ng Pilipinas and the Securities and Exchange Commission to review and preparation of various credit and syndicated loan documentation.
  • Serves as Philippine corporate counsel to the securities brokerage subsidiary of a Fortune 500 multinational investment banking group. Work includes regulatory securities compliance, contract drafting and review, general legal advisory on securities operations.
  • Serves as Philippine counsel to an international venture capital fund. Work includes negotiations with foreign and local counsel on cross border investment transactions and document drafting for corporate acquisitions.
  • Serves as corporate counsel to a Customer Relationship Management ("CRM") company and other business process outsourcing companies. Work performed includes corporate structuring, preparation and review of agreements relating to asset purchase, sale of securities, development and formation of stock options and incentive plans, drafting of service agreements and alliance agreements with international corporations.
  • Serves as corporate counsel to several publicly listed corporations involved in mining and in the oil and gas industry. Work includes implementation of corporate restructuring, regulatory compliance and disclosure and other corporate housekeeping services.
  • Handles general corporate matters for clients belonging to diverse industries including emerging information technology companies, service companies, and financial institutions.
  • Handles general corporate matters for clients belonging to diverse industries including emerging information technology companies, service companies, and financial institutions.