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…
Introduction
The 2nd Court of Bankruptcy and Judicial Recovery Cases of São Paulo recently found invalid a chattel mortgage securing an interchangeable chattel good (i.e. iron ore) offered to a foreign financial institution not authorized by the Brazilian Central Bank to operate in Brazil. According to the ruling, only Brazilian or foreign financial institutions authorized to operate in Brazil may receive a chattel mortgage offered to secure interchangeable goods.