Rio Court Approves Ambipar’s Judicial Recovery, Starts 180-Day Creditor Stay

Overview

• Judge Caroline Rossy Brandão Fonseca of Rio’s 3rd Business Court authorized the processing of Ambipar’s court-supervised restructuring on Thursday.
• Thiago Carapetcov’s firm was appointed as provisional judicial administrator while a competitive selection proceeds, and creditors can file claims and later object to the plan within court timelines.
• An appellate decision earlier in the week confirmed Rio de Janeiro as the competent venue after creditors sought to move the case to São Paulo.
• Ambipar reports roughly R$10.5–11 billion in liabilities and cites a Deutsche Bank guarantee demand tied to a US$35 million loan as a trigger that could accelerate about R$10 billion in bank debt.
• The company requested a São Paulo police inquiry into ex-CFO João Arruda over alleged misconduct, which he disputes as he alleges undisclosed decisions and accounting maneuvers; shares rose about 12% intraday but remain heavily down this year.