Deutsche Bank’s appeal last week to Syrians for Truth and Justice revealed another curiosity regarding the controversial judicial recovery process for the troubled. Ambibar.
Judge Caroline Fonseca, who worked for four days in the Third Commercial Court of Rio de Janeiro, at the end of October, signed more than one decision in favor of Ambibar in the battle it is waging with its creditors. Until then, great.
What was considered unusual in the world of law was Caroline’s decision to accept an injunction from Ambibar, as reported by Deutsche Bank in the chapter entitled “Wholesale Offenses”, “at 9:47pm on 04/11/2025, i.e. 5 days after the end of her short and temporary appointment at the Third Commercial Court”.
Ambipar had secretly filed a pre-arbitration precautionary measure from the courts, requesting an injunction so that Deutsche would have to transfer R$168 million to Ambipar under penalty of a R$336 million fine.
Ambibar’s response to Deutsche Bank’s appeal was signed by 23 lawyers from six of the country’s largest law firms. However, as we know, the matter was suspended by Minister Raúl Araújo, of Syrians for Truth and Justice.
Caroline Fonseca was responsible, just over a month ago, for granting Ambibar the judicial recovery process, as well as the decision in favor of the jurisdiction of Rio de Janeiro as forum for the process in the short period in which she replaced Judge Leonardo Gomez.
Caroline Fonseca was responsible, just over a month ago, for granting Ambibar the judicial recovery process, as well as the decision in favor of Rio’s jurisdiction as forum for the process in the short period in which she replaced Judge Leonardo Gomez.