---
title: "August Debouzy assisted WeWork with the reorganization of its operations in France"
id: "2754"
type: "post"
slug: "august-debouzy-assisted-wework-with-the-reorganization-of-its-operations-in-france"
published_at: "2024-05-02T12:54:14+00:00"
modified_at: "2026-02-19T18:28:16+00:00"
url: "https://www.august-debouzy.com/en/deal/august-debouzy-assisted-wework-with-the-reorganization-of-its-operations-in-france/"
markdown_url: "https://www.august-debouzy.com/en/deal/august-debouzy-assisted-wework-with-the-reorganization-of-its-operations-in-france.md"
taxonomy_category:
  - "Deal"
taxonomy_language:
  - "English"
taxonomy_post_translations:
  - "pll_6980da4677489"
taxonomy_tax_expertise:
  - "Real Estate and Construction"
---

Summarize with AI

August Debouzy advised the French subsidiary of coworking giant WeWork on the reorganization of its operations in France.

In the broader context of its filing for Chapter 11 bankruptcy protection in the United States, the WeWork group had begun a lease negotiation process with all of its lessors.

In France, conciliation proceedings facilitated discussions between WeWork and its creditors, primarily its lessors. Following these discussions, WeWork agreed to shut down 8 of its least profitable sites out of the 20 it currently operates in France. This strategic decision allowed the company to concentrate its efforts on optimizing its top-performing locations. A major recapitalization of the main French subsidiary was also carried out. In addition, all jobs were safeguarded.

This marks one of the most significant reorganizations in the real estate industry in the last 15 years.

August Debouzy advised WeWork on all restructuring, contractual, real estate and corporate aspects of this transaction. The firm also worked closely with WeWork’s French and US teams, as well as with other law firms in charge of US insolvency law issues.

August Debouzy’s team was headed by Guillaume Aubatier, a partner in charge of the Real Estate and Construction practice.

The team also included:

- Laurent Cotret, partner, and Aurélien Mittelette, associate, in the Restructuring and Insolvency department;
- Dorian Scemama, counsel, Alix Kianpour and Philippine Ranchon, associates, in the Real Estate and Construction department;
- Julien Wagmann, partner, and Myles Begley, senior associate, in the Corporate department;
- Florence Chafiol, partner, and Alexandra Antalis, associate, in the IT and Data Protection department.

Share

- Linkedin
- Copy Link

Summarize with AI

### Authors

8

- [Alexandra Antalis](https://www.august-debouzy.com/en/collaborateur/alexandra-antalis/)
- [Guillaume Aubatier](https://www.august-debouzy.com/en/collaborateur/guillaume-aubatier/)
- [Florence Chafiol](https://www.august-debouzy.com/en/collaborateur/florence-chafiol/)
- [Laurent Cotret](https://www.august-debouzy.com/en/collaborateur/laurent-cotret/)
- [Alix Kianpour](https://www.august-debouzy.com/en/collaborateur/alix-kianpour/)
- [Aurélien Mittelette](https://www.august-debouzy.com/en/collaborateur/aurelien-mittelette/)
- [Dorian Scemama](https://www.august-debouzy.com/en/collaborateur/dorian-scemama/)
- [Julien Wagmann](https://www.august-debouzy.com/en/collaborateur/julien-wagmann/)

### Practice Area

1

- [Real Estate and Construction](https://www.august-debouzy.com/en/tax-expertise/real-estate-and-construction/)

## Discover more content that might interest you

News

[20/07/26 Deal 1 min August Debouzy Advises Icade on Regaining Sole Ownership of the Eqho Tower in Paris La Défense August Debouzy advised Icade on its acquisition of the remaining 49% stake in the Eqho Tower from an OPPCI managed by Amundi, making Icade once again the sole owner of one of the landmark office towers in Paris La Défense. Read more](https://www.august-debouzy.com/en/deal/august-debouzy-advises-icade-on-regaining-sole-ownership-of-the-eqho-tower-in-paris-la-defense/)
[09/07/26 Deal 2 min August Debouzy Advises WDP on Three Strategic Logistics Real Estate Transactions in France August Debouzy advised WDP on three strategic logistics real estate transactions in France, involving sites near Paris-Charles de Gaulle, Toulouse and Montpellier. These operations, totalling approximately 120,000 sq m, strengthen WDP’s French platform and include significant development and sustainability ambitions. Read more](https://www.august-debouzy.com/en/deal/august-debouzy-advises-wdp-on-three-strategic-logistics-real-estate-transactions-in-france/)
[19/06/26 Deal 1 min August Debouzy advises Andera Partners on the strategic combination of Immo City and Homeland Read more](https://www.august-debouzy.com/en/deal/august-debouzy-advises-andera-partners-on-the-strategic-combination-of-immo-city-and-homeland/)