WeWork Takes Strategic Action to Significantly Strengthen Balance Sheet and Further Streamline Real Estate Footprint – Yahoo Finance

Restructuring

WeWork spaces remain open and operational and the Company will continue to provide its signature member experience Company enters into Restructuring Support Agreement with strong support from key financial stakeholders to drastically reduce its existing funded debt NEW YORK, November 07, 2023–(BUSINESS WIRE)–WeWork Inc. (NYSE: WE) (“WeWork” or “the Company”), the leading global flexible space…

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GARIA unveils maiden Corporate Insolvency and Restructuring … – BusinessGhana

Liquidation

Ghanas journey towards an improved business environment has been punctuated by key legislative milestones, including the enactment of the Companies Act in 2019 and the Corporate Insolvency and Restructuring Act in 2020, of which GARIA has been at the forefront of advocacy, with the support by the Office of the Attorney-General and Ministry of Trade…

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Ubisoft Montreal lays off 98 people as part of a corporate … – Yahoo Finance Australia

Restructuring

Ubisoft Montreal just laid off 98 people as part of a corporate restructuring and reorganization effort, as reported by Kotaku. The cuts primarily impact workers in business administration services and IT. Ubisoft says it will support all affected Canadian employees with severance packages and career assistance to help them navigate their transition. The Montreal office…

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Blog: Rising government debt-to-GDP ratios need urgent response – Commonwealth

Debt Help

The general government debt (GGD) which includes what the state and state-owned enterprises owe of Commonwealth countries declined in 2021 and 2022, as a share of combined gross domestic product (GDP), meaning they owed less debt compared to the size of their economy. By Dr Mohamed Z M Aazim, Adviser, Debt Management Unit, Commonwealth Secretariat…

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WeWork bankruptcy: shared office provider expected to try and renegotiate Australian leases – The Guardian

Restructuring

Shared office provider WeWork says it is business as usual for its Australian operations, even after the US parent filed for bankruptcy as debts mounted and office vacancies increased around the world. The former high-flying New York-headquartered company operates in 15 Australian locations as part of its global portfolio spread across more than 30 countries.…

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