Shumaker Manufacturing

A Legal & Industry Review

INSOL Europe Annual Congress 2017

On October 6, 2017, I was honored to participate in the INSOL Europe Annual Congress 2017 in Warsaw as moderator of a panel discussion that included professionals from the UK, Romania, Sweden and Poland, on the topic of “Critical Insolvency Issues Facing Companies Dealing with Customers and the Supply Chain”.  INSOL Europe is a premier association of insolvency professionals with more than 1,200 members across Europe and beyond.


David Conaway is an attorney in the Banking and Financial Institutions, Manufacturing and Agriculture Industries at Shumaker, Loop & Kendrick, LLP, where his principal areas of practice are bankruptcy (primarily Chapter 11 proceedings), non-bankruptcy insolvencies or restructurings, and workouts; commercial contracts and business transactions; and international transactions, disputes and insolvencies; and commercial and contract litigation.

“The Legal Basics of Genetically Modified Organisms and Organic Food Regulation”

On July 1, 2016, a Vermont state law mandated labeling of food sold in Vermont that contains genetically modified ingredients. With this deadline looming, debate about the need for and content of a national GMO labeling law intensified. On July 14, 2016, the House of Representatives passed S.764 creating a framework to establish a National Bioengineered Food Standard. After it becomes effective, the law will immediately preempt the law of Vermont and all other state law “relating to the labeling or disclosure of whether food is bioengineered or was developed or produced using bioengineering.” In the context of this ongoing debate, this chapter provides an introduction to the legal basics that govern the regulation of food containing GMOs and food that does not contain GMOs, a/k/a, organic food. Continue reading

French Labour Code: Changes Made by President Macron’s Orders

On August 31, the French government unveiled five draft orders to reform the Labour Code. These draft orders, after approval from the Council of State, have been definitively adopted by the Council of Ministers on September 22, before being published in the Official Journal – and thus coming into force – on 23 September (except for the provisions that require regulatory measures).

Newsletter: Labour Code by Macron’s Orders (Source: Hoche)


“New Tax Law Allows Some to Avoid Paying Tax on the Sale of Their Business”

“The amount of gain that is excluded from tax is capped at the greater of $10 million or 10 times one’s investment. For example, a person who invests $100,000 in a qualified small business after September 27, 2010, holds that investment for over five years, and meets the other eligibility requirements will not be subject to tax on gain of up to $10 million, and a person who invests $1.5 million will not be subject to tax on gain of up to $15 million. ” Continue reading