Overview

• Judge Ana Laura Rodrigues of the 3rd Civil Court denied Bradesco’s request to block asset sales by controller Tércio Borlenghi and extinguished the case without ruling on the merits.
• Her decision says the record shows no concealment or concrete acts of alienation, and characterizes the bank’s fears of nonpayment as conjecture at this stage.
• Bradesco had alleged fraudulent conduct to harm creditors and sought to prevent what it called potential asset stripping by Borlenghi.
• Separately, Ambipar maintains a precautionary measure from the Rio de Janeiro court that shields it from creditor enforcement while it disputes actions by lenders.
• Ambipar has sued Bradesco and Opportunity in the Rio court, alleging premature execution of guarantees tied to Borlenghi, and its shares have dropped about 90% in recent weeks.