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About Sylvia

Sylvia Cherem represents energy companies, financial institutions and investment firms in acquisitions, joint ventures and project finance transactions in Latin America. Her experience includes representing major oil and gas companies and the Mexican government in energy-related matters, including mergers and acquisitions, tax planning, and domestic and cross-border investments in the Mexican upstream and midstream sectors. Sylvia played an integral role in the recent biddings and regulatory compliance involving Mexico’s upstream sector. She advised international oil companies in connection with the legal and tax aspects of exploration and production contracts in Mexico’s Round 1 and Round 2 bids.


Recent Notable Matters

Crédit Agricole Corporate and Investment Bank — as agent to the lenders in the $2.44 billion letter of credit facility and approximately $544 million in funded debt for McDermott International, Ltd in the successfully completed emergence from bankruptcy

Crédit Agricole — $2.8 billion financing facility in prepackaged Chapter 11 restructuring transaction for McDermott International, as agent to revolving debtor-in-possession (DIP) lenders

Crédit Agricole — $1.7 billion new financing for McDermott International which includes immediate access to $650 million of financing comprised of $550 million under a term loan credit facility and $100 million under a letter of credit facility, as lead arranger and revolving administrative agent

Compañía Española de Financiación del Desarrollo (COFIDES) — term loan financing for a leading hospitality group in connection with expansion of its brand in the United States

Algonquin Power — long-term back-leverage equity financing to a subsidiary of Abengoa that holds an interest in the Vista Ridge water project under development in San Antonio, Texas, the largest P3 water project in North America

Eni S.p.A. — assist with the bidding process for the international public tender made by the government of Argentina for the granting of offshore oil exploration and extraction licenses

Crédit Agricole — credit facility for McDermott International, Inc. secured by several Mexican entities

Mexican Federal Energy Regulatory Commission (CRE) — advice regarding pipelines, infrastructure, open access in transportation and storage of oil products*

Unifin Financiera, S.A.B. de C.V. and SOFOM, E.N.R. — due diligence for the acquisition of a vessel, as well as analysis of the vessel’s compliance with navigation permits, insurance requirements and Mexican law*

Artha Capital S. de R.L. — due diligence for the acquisition of natural gas compression and decompression plants, including analysis of the plants’ compliance with Mexican legal requirements under their operating permits and environmental impact assessment*

Mexico’s Ministry of Energy — drafted documents for Mexico’s registration on the Extractive Industries Transparency Initiative (EITI), widely regarded as the global standard for the good governance of oil, gas and mineral resources*

Independent oil and gas company — legal and tax framework for  the only exploration and production company to win adjudication of field’s in Mexico’s oil and gas offshore reserves, could operate*

* Work completed prior to Bracewell



New York University School of Law,
Universidad Anahuac Mexico Norte,
Bachelor of Laws

Bar Admissions

New York




State Bar of Texas
State Bar of New York
Houston Bar Association
Houston Young Lawyers Association
Hispanic Bar Association of Houston
Hispanic National Bar Association