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Roofoods has been advised on the voluntary administration of its Australian subsidiary, Deliveroo Australia.
Firm: Gilbert + Tobin (Roofoods)
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 from April 2023.
Key players: The G+T team was led by partner Peter Bowden with support from special counsel Anna Schwartz and lawyers Megan Lowe, Becci Cartoon, Caroline Szylkrot, Peter Hession and Stephanie Cook, as well as partners Tom Brett and Julian Cheng and lawyer Matthew Charman, plus other lawyers from across the firm.
Deal significance: Speaking about the matter, Mr Bowden said: “We are very pleased to have advised Roofoods on this complex and delicate administration that has resulted in a very positive outcome for Deliveroo’s employees, riders, suppliers and other stakeholders.
“Drawing on the expertise of the wider G+T team, this is an excellent example of G+T’s ability to provide a full-service offering and navigate complex issues in an accelerated time frame to deliver on our clients’ objectives.”
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Jerome Doraisamy is the managing editor of Lawyers Weekly and HR Leader. He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.
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Jerome Doraisamy
