Overview

• The Rio de Janeiro Public Prosecutor’s Office filed the appeal on October 11 at the state appeals court seeking suspension of the injunction during review.
• Prosecutor Anco Márcio Valle says the preliminary measure was granted precipitately without basic information about the group’s structure.
• The filing cites a network of 354 companies across Brazil and multiple foreign jurisdictions, underscoring concerns about the injunction’s scope.
• On October 10, appellate judge Mauro Pereira Martins denied BTG Pactual Chile’s bid to limit transnational effects, ruling the jurisdictional issues are tied to the case merits.
• BTG details roughly $26 million in financing later increased by about $10 million and secured by Chilean collateral as it contests coverage of foreign Ambipar entities; Ambipar declined to comment.