Ambipar wins court ruling against Bradesco as judge backs preservation of the real economy

By Brazil Stock Guide – Ambipar (B3: AMBP3) secured a legal victory in São Paulo on Thursday after weeks of turmoil that wiped out 90% of its market value. Judge Ana Laura Rodrigues, of the 3rd Civil Court, dismissed a Bradesco (B3: BBDC4) lawsuit that sought to freeze the assets of Ambipar’s controlling shareholder Tércio Borlenghi Junior, alleging fraud and concealment of assets ahead of a preparatory filing for judicial recovery.

“The Judiciary reaffirms the integrity of Ambipar’s management and finds no evidence of fraud, reckless conduct, or any irregular acts,” the company said in a note. The news was first reported by O Globo columnist Lauro Jardim.

The São Paulo court recognized that Ambipar’s situation is financial and temporary, granting judicial protection under Law No. 11,101/2005, which prioritizes the rehabilitation of viable companies. The ruling also highlighted Ambipar’s social and strategic importance in environmental and industrial emergency response — sectors considered essential to Brazil’s economy — and underscored the public interest in preserving its operational stability.

Bradesco had alleged that Borlenghi managed the company fraudulently to harm creditors and conceal assets. However, the court found no concrete evidence of wrongdoing. Judge Rodrigues noted that while the bank presented documents suggesting “possible accounting inconsistencies,” these were not sufficient grounds for an “extreme measure.”

The 21st Private Law Chamber of the Rio de Janeiro Court of Justice also rejected Deutsche Bank’s request to suspend the injunction granted to the company. The appellate court reaffirmed the regularity of Ambipar’s operations and the good faith of its management.

With these rulings, Ambipar remains in full legal compliance and administrative legitimacy, reinforcing its image as a global reference in environmental response, sustainability, and corporate governance — and reaffirming its ability to recover. “The situation is financial and temporary in nature and deserves judicial protection to preserve the company and the real economy,” Judge Rodrigues wrote.