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Voyager Unsecured Creditors Committee Files an Appeal Against Binance. US’s $1 Billion Acquisition

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On April 6th, according to the Voyager Unsecured Creditors Committee\’s announcement on social media, an appeal was filed on Monday against a court order opposing Binance. US\’s $1 b

Voyager Unsecured Creditors Committee Files an Appeal Against Binance. USs $1 Billion Acquisition

On April 6th, according to the Voyager Unsecured Creditors Committee’s announcement on social media, an appeal was filed on Monday against a court order opposing Binance. US’s $1 billion acquisition of Voyager. According to the US Administrative Procedures Act, if the transaction is not completed on April 18th, Binance. US can voluntarily terminate the acquisition. To complete the transaction on or before April 18th, certain conditions under the Administrative Litigation Act need to be met before April 13th. Therefore, the Voyager Debt Commission has proposed an urgent motion to request the court to expedite the briefing during the Second Circuit, so that a ruling on the appeal can be made before April 13th and efforts to reach a consensus solution with the US government can continue.

Voyager Debt Committee: If the transaction is not completed by April 18th, Binance. US may voluntarily terminate the acquisition

Introduction

On April 6th, according to the Voyager Unsecured Creditors Committee’s announcement on social media, an appeal was filed on Monday against a court order opposing Binance. US’s $1 billion acquisition of Voyager. The transaction is subject to certain conditions and deadlines, and the latest appeal puts added pressure on both parties involved to settle the matter before the deadline.

The Urgent Motion by Voyager Debt Commission

According to the US Administrative Procedures Act, if the transaction is not completed on April 18th, Binance. US can voluntarily terminate the acquisition. To complete the transaction on or before April 18th, certain conditions under the Administrative Litigation Act need to be met before April 13th. Therefore, the Voyager Debt Commission has proposed an urgent motion to request the court to expedite the briefing during the Second Circuit, so that a ruling on the appeal can be made before April 13th and efforts to reach a consensus solution with the US government can continue.

The Court Order Opposing the Acquisition

The court order in question was issued by Judge Stanton of the Southern District of New York, who ruled that the proposed acquisition would violate US sanctions laws. These laws prohibit US persons or companies from conducting business with certain entities, including those on the Office of Foreign Assets Control’s (OFAC) Specially Designated Nationals and Blocked Persons (SDN) list.
Binance. US had agreed to acquire Voyager as part of a deal that was expected to help expand its presence in the US market. But the court order has thrown a wrench in these plans, and the appeal filed by the Voyager Unsecured Creditors Committee only adds more uncertainty to the situation.

The Importance of Meeting Deadlines

The deadline to complete the acquisition is fast approaching and Binance. US has a limited amount of time to resolve the issue before the deal falls apart. If the transaction is not completed by April 18th, Binance. US can voluntarily terminate the acquisition, and the entire deal may be off the table.
It remains to be seen whether the court will grant the urgent motion proposed by the Voyager Debt Commission or whether the appeal will be successful. But one thing is certain – both parties involved have a lot riding on the outcome, and the pressure to reach a resolution before the deadline is intense.

Conclusion

The appeal filed by the Voyager Unsecured Creditors Committee adds a new twist to the ongoing saga surrounding Binance. US’s $1 billion acquisition of Voyager. With the deadline to complete the transaction fast approaching, both parties involved are scrambling to find a way to resolve the issue before it’s too late. Whether the appeal is successful or not, the importance of meeting deadlines and ensuring that all conditions are met cannot be understated.

FAQs

1. What is the Voyager Unsecured Creditors Committee?
The Voyager Unsecured Creditors Committee is a group of creditors who are owed money by Voyager. They are responsible for ensuring that their interests are represented in legal proceedings related to the company’s finances.
2. What is the Office of Foreign Assets Control?
The Office of Foreign Assets Control (OFAC) is a US government agency responsible for enforcing economic and trade sanctions against countries, organizations, and individuals who pose a threat to US national security.
3. What happens if the acquisition is not completed by April 18th?
If the acquisition is not completed by April 18th, Binance. US can voluntarily terminate the acquisition, and the entire deal may be off the table.

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