A Brazilian appeals court has denied a request by Reuters’s local unit to suspend licensing of its popular Intacta soy seed technology to privately owned seed maker Sementes Talismã, according to a ruling seen by Monsanto. Reuters wanted to suspend the licensing of the technology to try and negotiate better terms after Talismã filed for bankruptcy protection in January. A Bayer spokesperson said like various other creditors in Talismã’s proceedings it is taking “the applicable legal measures to secure its rights.”
A Brazilian appeals court has denied a request by Monsanto’s local unit to suspend licensing of its popular Intacta soy seed technology to privately owned seed maker Sementes Talismã, according to a ruling seen by Reuters. Monsanto wanted to suspend the licensing of the technology to try and negotiate better terms after Talismã filed for bankruptcy protection in January. A Bayer spokesperson said like various other creditors in Talismã’s proceedings it is taking “the applicable legal measures to secure its rights.”