Shumaker Manufacturing

A Legal & Industry Review


“Recent Legislation will Require Changes to Most Partnership and Operating Agreements”

The Bipartisan Budget Act of 2015 (the “Act”) replaced the existing partnership audit rules with a dramatically different set of rules that will be applicable to the first partnership tax year beginning after 2017. For calendar year partnerships, these rules will be effective for the 2018 tax year. Continue reading


Need to Know Bankruptcy Concepts for Manufacturing Companies Dealing with Customers and the Supply Chain

2017 ACC - Conaway

On October 24, 2017, David Conaway presented to the Association of Corporate Counsel Charlotte Chapter about “Business Bankruptcy: Executive Summary – Need to Know Bankruptcy Concepts for Manufacturing Companies”, including assessing risk of financial distress with customers and the supply chain, assessing the impact of first day motions and strategies for vendors to reduce risk and maximize the outcome in Chapter 11 cases. charlotte[1]

David Conaway is the Chair of Shumaker’s Bankruptcy and Insolvency Practice, Co-Chair of Shumaker Manufacturing, and Co-Chair of Shumaker Global, where he advises clients with respect to customers and the supply chain, including insolvencies or restructurings; commercial contracts and business transactions; and international transactions, disputes and insolvencies; and commercial and contract litigation.


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.

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David Conaway is the Chair of Shumaker’s Bankruptcy and Insolvency Practice, Co-Chair of Shumaker Manufacturing, and Co-Chair of Shumaker Global, where he advises clients with respect to customers and the supply chain, including insolvencies or restructurings; 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