Haynes Boone secured two significant victories in the Supreme Court of the State of New York, Commercial Division, on behalf of Jasper Lake Ventures One LLC, Redwood Enhanced Income Corp., Liminality Partners LP and Solel-Bioceres SPV, L.P. in a secured-note enforcement action against Bioceres Crop Solutions Corp. and affiliated guarantor entities.
The court granted the noteholders’ motion for partial summary judgment on liability and denied the defendants’ motion for leave to assert additional amended counterclaims and third-party claims. The rulings confirm the enforceability of the noteholders’ rights under the governing financing documents and move the case toward a determination of damages, interest, premiums, fees and related relief.
Haynes Boone Partner Lauren Coppola led the litigation team and argued the motions before the court. Counsel Eric Lindenfeld led the briefing on the successful motions and related proceedings, while Partner Greg Kramer advised the noteholder group on pre-default negotiations and strategy.
The litigation concerns more than $100 million in accelerated obligations, along with default interest, contractual premiums, fees and costs. The noteholders alleged that Bioceres and affiliated entities defaulted under the governing note documents, including by breaching indebtedness and financial covenants, making false representations in amendments to the financing documents and failing to satisfy accelerated obligations after notice.
“These decisions are an important result for our clients and a significant step forward in the enforcement process,” Coppola said. “The court’s rulings keep the case focused on the parties’ negotiated agreements, the noteholders’ contractual enforcement rights and the consequences of default.”
The victories build on the firm’s earlier success in the matter, when Haynes Boone secured an emergency temporary restraining order and collateral-preservation relief in December 2025 to help prevent dissipation of pledged assets while enforcement proceedings continued.
Kramer, who led the transaction team responsible for drafting a key pre-default amendment to the governing documents and overall enforcement strategy, said the rulings highlight the importance of carefully crafted financing documents.
“These decisions reinforce the value of clear, thoughtful drafting,” Kramer said. “When disputes arise, well-constructed credit documents can provide certainty for all parties and help ensure that lenders are able to enforce the rights and remedies they negotiated.”
Haynes Boone’s Trials Practice Group delivers strategic, high-stakes advocacy before juries, judges and arbitrators across a wide range of industries. The team is known for its meticulous preparation, persuasive courtroom presentation and ability to handle complex, high-value disputes. The firm’s Litigation Department worked alongside Haynes Boone's Capital Markets and Securities Practice Group, which plays a leading role in IPOs, reverse mergers, acquisitions, follow-on offerings and PIPE financings across sectors including technology, life sciences, energy and financial services.
