Roofoods has been advised on the voluntary administration of its Australian subsidiary, Deliveroo Australia.
Firm: Gilbert + Tobin (Roofoods)
Deal: Publicly listed UK entity Roofoods has been advised on the voluntary administration of its Australian subsidiary, Deliveroo Australia, following its decision to exit the Australian market amid challenging economic and market conditions.
Area: Restructuring and insolvency
Value: The deed of company arrangement provides $9.5 million to be paid to employees, riders, restaurant partners and suppliers by early 2023, G+T said in a statement, and a further $9.3 million will be made available for all remaining creditors and will be distributed…
Read the full article at: https://www.lawyersweekly.com.au/biglaw/36515-roofoods-advised-on-deliveroo-australia-s-voluntary-administration