Victor S.Chang

Experience

The Nature Conservancy seeks advice relating to impact investment ventures in pursuit of its environmental conservation mission
Jones Day is advising The Nature Conservancy as it evaluates how it can use capital and its scientific expertise to support start-up businesses with promising ideas for advancing conservation while complying with its requirements as a section 501(c)(3) organization.

M&G debtors confirm chapter 11 plan of liquidation and close sale of Corpus Christi plant for $1 billion
On December 17, 2018, the United States Bankruptcy Court for the District of Delaware entered an order confirming the Third Amended Plan of Liquidation (the "Plan") of Jones Day client M&G USA Corporation and eight of its affiliates (the "M&G Debtors"), which prior to the chapter 11 filing, were, along with their affiliates in Mexico, Brazil and Europe, one of the largest producers of polyethylene terephthalate resin – used for packaging applications – in the world. On December 28, 2018, after receiving antitrust approval, the M&G Debtors closed the sale of their partially constructed manufacturing facility in Corpus Christi, Texas, (the "Corpus Christi Plant") with a deal value in excess of $1 billion.

PAG invests in Key Safety Systems to finance acquisition of global assets of Takata Corporation
Jones Day represented PAG Asia Capital Ltd. and PAG Asia II LP in connection with its investment in Key Safety Systems, a subsidiary of China-based Ningbo Joyson Electronic Corporation, to finance the acquisition of substantially all of the global assets of Takata Corporation out of bankruptcy in the U.S. and Japan and certain non-bankruptcy transactions elsewhere in the world.

GE sells industrial solutions business to ABB for $2.6 billion
Jones Day advised General Electric Co. with respect to labor, employment, and employee benefits matters in connection with the sale of GE's industrial solutions business to Switzerland-based ABB for $2.6 billion.

The following represents experience acquired prior to joining Jones Day.

Advised on the successful termination of several qualified retirement plans, including PBGC insured pension plans, sponsored by a closely held business conglomerate.

Negotiated an 80 percent reduction to a Department of Labor civil penalty assessment on behalf of an employer in a case before the DOL's Office of Administrative Law Judge.

Provided legal counsel and obtained IRS private letter rulings in connection with the divisions and mergers of several private foundations and related charities.

Obtained IRS approval for a community development joint venture between a charitable organization sponsored by a multinational corporation and a real estate development firm.

Counseled a major public utilities company on the design of its employee charitable giving program and corporate foundation-sponsored matching gift policy.