Food supply firm Foodora has gone into voluntary administration in a transfer it says will put legal action towards it on maintain.
Foodora Australia, which is preventing a landmark check case on the rights of staff, stated voluntary administration would give it “essential breathing space”, together with a suspension of claims towards it.
Foodora stated it had deliberate to wind down its affairs in Australia “in an orderly fashion and with the support of its parent company to meet all known liabilities”. However, the corporate confronted “significant external challenges”, which had impeded its capability to implement a solvent wind-down.
“The voluntary administration process offers the company essential breathing space, including a statutory moratorium on claims against the company, with a view to ensuring that the affairs of Foodora are administered in a way which results in a better return for creditors of Foodora than would result from its immediate liquidation,” the corporate stated.
“To the best of its knowledge, all payments due to Foodora’s creditors, in particular, its employees, partner restaurants and contract riders, have been met.”