WeWork Navigates Global Lease Terrain, Saves Billions Amidst US Challenges
Allwork
FEBRUARY 27, 2024
The legal process allows companies 120 days from the bankruptcy filing date, in this case, November 6, 2023, to either assume or reject each lease, according to CoStar. In court filings WeWork is stressing its business restructuring and the renegotiation of lease agreements to alleviate unsustainable rent expenses.
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