Article 8 — Legal acts in exchange for no or manifestly inadequate consideration

1. Member States shall ensure that where legal acts of the debtor are performed in exchange for no or manifestly inadequate consideration, those legal acts are void, voidable or unenforceable where they were perfected: (a) within the 12 months prior to the submission of the request that led to the opening of insolvency proceedings or, in the absence of such a request, within the 12 months prior to the date of the resolution to commence insolvency proceedings; or (b) after the submission of the request or the date of the resolution referred to in point (a) and before the opening of the insolvency proceedings. 2. Paragraph 1 shall not apply to gifts and donations of symbolic value.