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SoftBank Faces Legal Heat as WeWork’s Creditors Seek Recovery Amid Bankruptcy Fears

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Despite nearly two-thirds of the space WeWork has vacated remaining empty, the company could exit about 100 more leases and is negotiating with approximately 400 landlords on new terms, according to CoStar.

Legal 260
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Should Flexible Working Be A Right, And Not Just A Privilege?

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Flexible working as a right or privilege involves complex considerations, balancing individual employee needs with employer concerns and the operational realities of different industries. Yet, framing it this way also raises questions about enforceability, exemptions, and the readiness of industries to adapt to such a shift.

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Is Activision’s Battle with Regus a Sign of More Coworking Conflicts to Come?

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What’s going on: Game developer Activision-Blizzard is embroiled in a major legal dispute with the coworking firm Regus over alleged excessive office space fees, according to The Real Deal. How it’ll impact the future: The dispute could lead to companies being more cautious when negotiating terms with coworking space providers.

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Citigroup Mandates Full-Time Office Return for 600 Employees Amid Regulatory Changes

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This decision reflects broader regulatory changes affecting Wall Street banks and shows the ongoing tension between flexible work arrangements and more stringent industry oversight. As regulators like FINRA reinstate pre-pandemic rules, companies are compelled to balance employee preferences with legal and operational requirements.

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WeWork’s Learning To Share, Reports $1.5 Billion In Rent Savings

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Despite the backdrop of financial adversities , including bankruptcy restructuring and contentious legal disputes over unpaid rent involving 27 landlords , WeWork’s assertive renegotiation tactics are reported by the company to have produced substantial rent savings. The post WeWork’s Learning To Share, Reports $1.5

Learning 261
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Activision Publishing Is Being Sued For An Alleged $2.1 Million In Missed Payments Owed To Coworking Office Space

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million in missed fees and is filing for breach of contract. According to the legal action, in October 2021 Activision entered into a contract with IWG’s Regus at their 2450 Colorado Avenue office location to use 78 office suites at a monthly rate of $233,000, according to Santa Monica Mirror.

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Why Muting Your Work Notifications Could Be The Healthiest Thing You Do This Year

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The legislation (if passed) would apply to non-exempt and exempt salaried employees — significantly impacting business operations, particularly in industries with non-traditional working hours. By legally enforcing boundaries between work and personal time, the bill aims to enhance employee wellbeing.

Legal 299