CVM Petitions Court for Full Access to Ambipar’s Judicial Recovery Records

The regulator says court secrecy cannot bar its oversight of a listed company, seeking records to explain the swing from June’s reported cash to September’s crisis.

Overview

In a filing to Rio de Janeiro’s 3rd Business Court, the CVM says Ambipar failed to provide required materials including special financial statements prepared for the petition, bank contracts and a complete employee list.
The CVM argues confidentiality does not apply to the market watchdog and requests the full case file to examine what occurred between the June 30 interim report and the September 24 court protection request.
Ambipar submitted cash information to the judge in a sealed envelope, and those details have not been available to creditors.
Ambipar attributes its liquidity strain to margin calls tied to a currency swap with Deutsche Bank, citing a R$60 million demand referenced in its filing.
The company’s third‑quarter results are scheduled for next week and are widely expected to be delayed, while a separate court decision kept the restructuring venue in Rio despite creditor efforts to move it to São Paulo.