1. The Authority, the Chairman and members of the Board, the CEO, committees established by the Board, whether emanating therefrom or external thereto, the Executive Management, and their legally authorized representatives shall be exempt from civil liability vis-à-vis third parties, except in cases where bad faith with intent to cause harm to third parties, gross negligence, or a failure to exercise due care is established, in connection with any act or omission committed in the course of exercising the competences and duties of the Authority, in accordance with this Decree by Law and the Relevant Legislation. 2. The Authority shall bear all fees, expenses, costs, and attorney’s fees incurred in defending the persons referred to in Clause (1) of this Article in claims arising from the performance of their duties within the Authority. The Authority shall have the right of recourse against any of the aforementioned persons if bad faith with intent to cause harm to third parties, gross negligence, or a failure to exercise due care is established.
Interpretation and application must be checked against the official text and current version.