Existing active debris removal methods that require physical contact with the target have applicability limitations depending on the maximum angular momentum that can be absorbed. Therefore, a de-tumbling phase prior to the capturing phase may be necessary.The aim of this article is to study the guidance, navigation and control subsystem of the 'Eddy Brake', an active contactless de-tumbling method based on the generation of eddy currents. The article first presents this method and the main requirements for the control module as well as the necessary sensors for pose estimation on-board the chaser. Furthermore, the linear and rotational dynamics based on the Magnetic Tensor Theory are explained in order to model the chaser-target interactions. In addition, the set of 3D nonlinear dynamical equations that model the de-tumbling process are formulated including a specific control strategy with possible inaccuracies and delays derived from the on-board sensors and actuators. Moreover, a stability analysis is developed in the vicinity of a stable asymptotic state for a simplified 2D configuration where an analytical approach is viable.