Transactions carried out subsequent to opening of insolvency proceedings

Transactions which are carried out after the opening of insolvency proceedings and have legal effect pursuant to section 81 (3) sentence 2, sections 892 and 893 of the Civil Code, sections 16 and 17 of the Act Governing Rights in Registered Ships and Ships Under Construction and sections 16 and 17 of the Act Governing Rights in Aircraft may be contested in accordance with the provisions governing the contest of transactions carried out before the insolvency proceedings were opened. Sentence 1 applies to transactions underlying the claims and performances referred to in section 96 (2), with the proviso that the set-off, including the settlement of balance, is not cancelled on account of the contestation or the affected payment orders, orders between payment services providers or intermediary bodies or orders for the transfer of securities becoming legally invalid.