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