By Brazil Stock Guide – Ambipar (B3: AMBP3) has secured more time under court protection. The 3rd Business Court of Rio de Janeiro extended for 30 days the injunction preventing creditors from enforcing collections, ensuring the environmental-services group can keep operating. The ruling strengthens the company’s legal shield as it advances its reorganization process, filed simultaneously in Brazil and the United States, covering R$10.5 billion (US$1.83 billion) in debt. The filing took place on Monday, October 20.
The decision follows weeks of sharp volatility in the company’s shares and debt securities. The extension provides breathing room for Ambipar as it seeks to rebuild liquidity after irregularities in derivative trades and the abrupt resignation of its former CFO triggered debt acceleration requests and eroded market confidence.
The crisis began when then-CFO João Arruda structured a green bond issue that evolved into high-risk derivative operations known as Pik Bonds. The collapse of these financial mechanisms led banks to call in loans, wiped out R$22 billion (US$3.8 billion) in market value, and forced the company to seek judicial recovery.
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