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

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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 253
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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. Coworking spaces have become increasingly popular as more businesses move to embrace remote or hybrid models in 2023.

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

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The FTC initially announced that it was seeking to ban noncompete clauses in January 2023. However, it’s also a practice that has long been criticized for restricting worker mobility, career growth, and suppressing wages.

Legal 147
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WeWork Navigates Global Lease Terrain, Saves Billions Amidst US Challenges

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billion in future rent payments. However, WeWork’s lease negotiations in the U.S. remains far more uncertain, with approximately 200 U.S. locations tied to their bankruptcy case yet to be resolved. It’s reported that only around 3% of the company’s U.S. locations have secured new lease agreements.

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

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While 2023 witnessed rapid AI advancement, 2024 might see a slowdown as AI companies navigate these new legal complexities. In terms of job market dynamics, the evolving legal landscape around AI could influence job roles, establishing a greater need for professionals skilled in legal, ethical, and compliance aspects of AI.

Legal 147
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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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Employee Perk or Productivity Secret? Corporate Wellness Programs Deliver on Both

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A 2023 report from Gitnux reveals that more than half of U.S. Our employee population and past engagement helps drive our negotiations for rates. businesses currently offer these programs. Mo Katibah, a Belmont, California-based COO and president of RingCentral , calls this a “win-win.” “Our

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