article thumbnail

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

Allwork

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 252
article thumbnail

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

Allwork

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

Allwork

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.

article thumbnail

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

Allwork

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 255
article thumbnail

U.S. Bans Non-Compete Agreements, Sparks Lawsuit Over Landmark Change To Employee Rights

Allwork

Chamber of Commerce initiated a lawsuit against the FTC, claiming that the agency exceeded its legal authority, according to a report published by The New York Times. It’s reported the FTC ruling is set to become law 120 after it is published in the Federal register, which could be as soon as this week.

Legal 148
article thumbnail

The New York Times Lawsuit Against OpenAI Could Reshape AI’s Future

Allwork

As AI tooling and software becomes increasingly integrated into various industries, the clarity of data usage rights and intellectual property becomes more important as well. This case also highlights the tension between innovation and regulation in the tech industry.

Legal 148
article thumbnail

New Australian Labor Law Might Redefine the Global Gig Economy

Allwork

The debate over the legal status and rights of gig economy workers isn’t unique to Australia. Despite the criticisms, certain conditions, such as overtime rates or rosters, will remain outside the purview of the industrial umpire. If approved, the “Closing Loopholes Bill” is set to be implemented on July 1, 2024.

Legal 148