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Court demands WeWork’s financial records

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A judge has issued a court order compelling WeWork to provide detailed financial records related to a broken lease at a prominent skyscraper in New York City.

The decision comes as part of an ongoing legal battle between WeWork and the building’s landlord, shedding light on the coworking giant’s financial commitments.

The dispute revolves around WeWork’s lease at a prestigious Manhattan skyscraper, where the company had agreed to occupy a substantial amount of office space.

However, WeWork abruptly abandoned the lease, citing financial challenges exacerbated by the COVID-19 pandemic. This move left the building’s owner, a prominent real estate company, seeking damages for the lost rent and other contractual obligations.

The court’s order requires WeWork to produce comprehensive financial documents, including records of its revenues, expenses, and overall financial health.

This information will be critical in determining whether WeWork had valid reasons for terminating the lease or if the move was unjustified.

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Brunei streamlines business travel with investor-friendly services

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Brunei offers ease of entry and tailored support for global investors

Tim Harcourt dives into all things business travel to Brunei, discussing with Daniel Leong, Acting CEO, Brunei Economic Development Board the visa requirements and advisory services provided for investors. Tim also addresses travel logistics and accommodations, emphasising the ease of entry for many countries.

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The boutique airline to the world: Royal Brunei’s ambitious growth

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Royal Brunei connects the world through a growing flight network and soars with Dreamliner expansion

In this interview, Captain Sabirin Hamid, CEO of Royal Brunei Airlines discusses connecting the world through a growing flight network and impressive expansions.

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Feeding the nation: Brunei pioneers fertiliser innovation from oil and gas

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Brunei Fertilizer Industries drives growth with cutting-edge technology

In this interview, Nur Raihan Rosli, Acting Deputy CEO of Brunei Fertilizer Industries discusses the company’s innovation in creating fertiliser from oil and gas downstream products. The company commenced operations in 2022 and are currently the largest single train fertilizer plant in the region.

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