17In the abovementioned judgment in Case C-l 15/88 Reichert, at paragraph 12, the Court pointed out that the action paulienne in French law was based on the creditor's personal claim against the debtor and sought to protect whatever security he might have over the debtor's estate. If successful, its effect was to render the transaction whereby the debtor had effected a disposition in fraud of the creditor's rights ineffective as against the creditor alone.
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