French Commercial code
In forceI. - The following acts are void, where they have occurred since the date of cessation of payments:
1° All gratuitous deeds transferring movable or immovable property;
2° Any commutative contract in which the debtor's obligations significantly exceed those of the other party;
3° Any payment, by whatever method, for debts not due on the day of payment;
4° Any payment for debts due, made other than in cash, commercial paper, transfers, transfer slips referred to in article L. 313-23 of the Monetary and Financial Code or any other method of payment commonly accepted in business relationships;
5° Any deposit or consignment of sums made pursuant to Article 2350 of the Civil Code (1), in the absence of a court decision that has acquired the force of res judicata ;
6° Any contractual security interest or contractual right of retention constituted on the debtor's assets or rights for debts previously contracted, unless they replace a previous security interest of at least an equivalent nature and basis and with the exception of the assignment of receivables provided for in article L. 313-23 of the Monetary and Financial Code, made pursuant to a framework agreement entered into prior to the date of cessation of payments;
7° Any legal mortgage attached to sentencing judgments constituted on the debtor's assets for debts previously contracted;
8° Any protective measure, unless the registration or act of seizure predates the date of cessation of payments;
9° Any authorisation and exercise of options defined in articles L. 225-177 et seq. and L. 22-10-56 et seq. of this code;
10° Any transfer of assets or rights to a trust estate, unless this transfer is made as security for a debt contracted at the same time;
11° Any amendment to a trust agreement assigning rights or assets already transferred to a trust estate to the security of debts contracted prior to this amendment;
12° Any assignment or modification in the assignment of an asset, subject to the payment of the income that the entrepreneur has determined, which has resulted in a depletion of the assets covered by the proceedings to the benefit of another asset of that entrepreneur;
13° The declaration of unseizability made by the debtor pursuant to Article L. 526-1.
II. - The court may, in addition, cancel the gratuitous acts referred to in 1° of I and the declaration referred to in 13° made in the six months preceding the date of cessation of payments.
