In brief With a potential WeWork restructuring on the horizon, this article explores some unique issues landlords may face under their WeWork leases, with a focus on how courts around the world might address them. Key takeaways Landlords have built spaces that specifically cater to WeWork’s focus on co-working arrangements. As WeWork attempts to shed leases in a restructuring, landlords may be left with specially built spaces that are difficult to re-let. This may be…
In brief Snapshot on the status of implementation of the EU Restructuring Directive in selected Member States and the new English scheme Introduction Through the EU Restructuring Directive of 20 June 2019 (EUR 2019/1023, “Directive”), the European Union has imposed an obligation on the EU Member States to offer a more attractive and flexible restructuring scheme in their respective local law. The initial deadline to do so had been 17 July 2021. Only a handful…