Ousted Apex founder contests judicial recovery, cites societal and documentary flaws

Fernando Cinelli, ousted president of Brazilian asset manager Apex Partners, has contested the group's judicial recovery filing, requesting postponement until alleged corporate and documentary irregularities are corrected. The recovery request, filed Monday, lists liabilities of R$ 985.6 million and is being processed in Vitória court. This internal dispute adds uncertainty to the recovery process and signals potential governance failures at the firm.