By Brazil Stock Guide – The Rio de Janeiro Court of Justice (TJ-RJ) has upheld a previous court ruling that grants a provisional judicial order to Ambipar (AMB), ensuring that the company’s ongoing financial restructuring process continues without interruption.
This ruling, issued by Judge Mauro Pereira Martins from the 21st Chamber of Private Law, rejected a request from Banco BTG Pactual Chile to suspend the effects of the court’s decision, which was initially granted by the 3rd Business Court of Rio de Janeiro.
In his analysis, Judge Martins determined that the company’s primary operations are based in Rio de Janeiro, solidifying the local court’s jurisdiction over the case. The ruling maintains crucial measures, including the suspension of debt collection, early payment claims, and enforcement actions against Ambipar and its related entities, which are vital to the company’s efforts to restructure and recover from its financial crisis.
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