Beleaguered supermarket operator Mycal Corp is mulling a change of strategy with a move to restructure under the Corporate Rehabilitation Law, according to Japanese newspaper Asahi Shimbun.
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The failed retailer is currently proceeding under the Civil Rehabilitation Law, but conflicts of interests are hindering talks between Mycal and sponsor candidates.
Mycal believes that a change of tack to the Corporate Rehabilitation Law could give a court-appointed administrator a stronger say in settling those disputes.
