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

Allwork

Big markets for coworking spaces are becoming increasingly competitive for workspace providers — with WeWork’s recent financial challenges creating opportunities for rivals to expand their presence. According to a report published by CoStar , WeWork recently filed court documents revealing a substantial loss of $153.7

Legal 237
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WeWork Slashes London Office Space as Bankruptcy Exit Approaches

Allwork

According to a report published by GB News, a document that had circulated to the European budget committee said the U.K. The list of closed locations may one day include the 280,000-square-foot space at 30 Churchill Place in Canary Wharf. branch of WeWork would soon stop paying rent on the building.

2023 191
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EU To Face £370M Bill If WeWork Exits London Office

Allwork

GB News reported that a document now circulated to the European Parliament’s budget committee said the U.K. While the bankruptcy filing does not directly impact WeWork’s U.K. subsidiary, which sublets the building, the U.K. organization is also struggling with big financial losses.

2023 265
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It’s time to review (or create) your document retention policy

BMT Office Administration

Worried that your company might not have a particular document on hand if the IRS conducted an audit? They create a document retention policy that clarifies what needs to be saved, where, and for how long. Courts and government agencies frown upon individual employees selectively keeping or tossing important documents.

Policies 105
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Upping your A(ssisting) game when you work with a Board of Trustees

Executive Leadership Support Blog

Offer to help put together the agenda for meetings, offer to tackle a project for a committee. Become a strategic partner to your Chairperson – just like we strive to be the partner that our CEO needs, it is important to put that effort into working strategically with the Chairperson of the Board.

UPS 245
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Is Your Workspace a CMRA? Prepare Now For Big Compliance Changes

Allwork

Centers will also need to be responsible for keeping their own and their clients’ documentation and IDs up to date. The USPS is under the jurisdiction of the Homeland Security and Governmental Affairs Committee. According to the Federal Register’s Final Rule document, published May 19, 2023 , the effective date is July 1, 2023.

USPS 246
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New objectives in workplace design guide set out to increase biodiversity in government estate

Workplace Insight

The documents will enable the GPA’s activity to be relevant to TIP2030, the construction playbook and the BNG mandated planning requirements. Out of 24 recognised biodiversity indicators, 14 show long-term decline, including continued deterioration of UK habitats as well as a decline in priority species.