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WeWork’s Bankruptcy Battle Takes New Turn with Legal Action Against SoftBank

Allwork

According to a report published by The Wall Street Journal , the struggling coworking giant’s junior creditors committee is seeking court approval to sue SoftBank, WeWork’s largest shareholder, amidst allegations of financial maneuvering ahead of WeWork’s bankruptcy filing.

Legal 206
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SoftBank Faces Legal Heat as WeWork’s Creditors Seek Recovery Amid Bankruptcy Fears

Allwork

The committee accuses SoftBank and a coalition of creditors, who hold 62% of WeWork’s unsecured notes, of orchestrating a debt restructuring in May 2023. The committee accuses SoftBank and a coalition of creditors, who hold 62% of WeWork’s unsecured notes, of orchestrating a debt restructuring in May 2023.

Legal 200
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Freelancers Under Fire: Legislation Threatens Gig Economy Workers

Allwork

Trumka Protecting the Right to Organize Act of 2023 (PRO Act) has the potential to completely alter labor law in the United States. These companies mounted a bold and noteworthy move through legal channels within California’s court system. Senate Bill 567, the Richard L. The bill, which was reintroduced by Sen.

2020 246
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Is Your Workspace a CMRA? Prepare Now For Big Compliance Changes

Allwork

Under a new regulation published January 12, 2023 , centers will submit client information to a centralized online database rather than rely on paper forms. The USPS is under the jurisdiction of the Homeland Security and Governmental Affairs Committee. Big changes in mail handling compliance are coming your way. But don’t panic.

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Members of European Parliament back charter to ‘revolutionise workplace wellbeing’

Workplace Insight

And, in a February 2023 survey of 10,243 global workers by US think-tank Future Forum, 42 percent reported burnout. Pîslaru, Chair of the European Parliament Committee on Employment and Social Affairs. The European Charter for Digital Workplace Wellbeing has been signed by a group of 31 MEPs, including MEP Drago?

Legal 97
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Hefty fine for Amazon has implications for employee surveillance policy

Workplace Insight

Weighing up the interests of the employer against the interests of its employees led the regulator to deem that such data processing had no legal basis and was therefore in contravention of GDPR law. A parliamentary select committee heard in 2022 that employees could be fired if that had three productivity flags on the company’s systems.