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

I. Introduction
A. Explanation of the current situation regarding Binance.US’s acquisition of Voyager
B. Importance of the acquisition
II. Details of the appeal filed by Voyager Unsecured Creditors Committee
A. The reason behind filing the appeal
B. The effect of the appeal on the acquisition
III. US Administrative Procedures Act and its significance in the acquisition
A. Explanation of the Act’s role in the acquisition
B. The consequences of not completing the transaction before April 18th
IV. Conditions under the Administrative Litigation Act that needs to be met before April 13th
A. Discussion of the conditions
B. Their importance in completing the transaction
V. Voyager Debt Commission’s urgent motion to the court
A. Explanation of the motion
B. The significance of the motion in reaching a consensus solution with the US government
VI. Conclusion
A. Summary of the article
B. Importance of keeping the public updated on the acquisition
VII. FAQs
# On April 6th, An Appeal Filed Against Court Order Opposing Binance.US’s $1 Billion Voyager Acquisition
Binance.US’s acquisition of Voyager has been delayed due to an appeal filed against a court order opposing the acquisition. The Voyager Unsecured Creditors Committee announced the appeal on social media on 6th April 2021. According to the US Administrative Procedures Act, the transaction needs to be completed before 18th April; otherwise, Binance.US has the right to terminate it voluntarily. Moreover, to complete the transaction before 18th April, certain conditions must be met before 13th April under the Administrative Litigation Act.
# Explanation of the Appeal
The Voyager Unsecured Creditors Committee filed the appeal to request a ruling from the court before 13th April. They want to expedite the briefing during the Second Circuit so that efforts to reach a consensus solution with the US government can continue.
The appeal has created uncertainty in the market, and the acquisition faces the possibility of termination if the conditions are not met before the deadline. The Voyager Unsecured Creditors Committee has taken an urgent step to avoid such a scenario.
# US Administrative Procedures Act
The US Administrative Procedures Act plays a vital role in the acquisition. According to the Act, the acquisition must be completed before 18th April; otherwise, Binance.US can terminate it voluntarily. The Act provides a framework for the completion of acquisitions in the US, and Binance.US must follow the specified guidelines to complete the acquisition. Therefore, the appeal filed against the court order has created obstacles in the acquisition.
# Conditions under the Administrative Litigation Act
The Administrative Litigation Act states that acceptable conditions must be met before the transaction is completed. These conditions include acquiring necessary regulatory approvals, obtaining financing, and obtaining consents and approvals from third parties.
The Act’s conditions are crucial in completing the acquisition, and all conditions must be met before 13th April to complete the transaction before the deadline.
# Voyager Debt Commission’s Urgent Motion
The Voyager Debt Commission has proposed an urgent motion to expedite a ruling on the appeal before 13th April. The motion is crucial in reaching a consensus solution with the US government and completing the acquisition before the deadline.
# Conclusion
The appeal filed against the court order opposing Binance.US’s Voyager acquisition has created uncertainty in the market. The US government must reach a consensus with the Voyager Debt Commission to complete the transaction before the deadline.
# FAQs
1. Why is the Voyager acquisition so important?
The Voyager acquisition is vital for Binance.US as it will allow them to enter the US market.
2. What are the consequences of not completing the acquisition before 18th April?
If the acquisition is not completed before 18th April, Binance.US can voluntarily terminate it.
3. What is the role of the Administrative Litigation Act in the acquisition?
The Administrative Litigation Act sets out the conditions that must be met before the acquisition can be completed.