EUROPA - Press Releases - TREATY ESTABLISHING THE EUROPEAN STABILITY MECHANISM (ESM)

EUROPA - Press Releases - TREATY ESTABLISHING THE EUROPEAN STABILITY MECHANISM (ESM): Immunities of persons
1. In the interest of the ESM, the Chairperson of the Board of Governors, Governors, alternate Governors, Directors, alternate Directors, as well as the Managing Director and other staff members "shall be immune from legal proceedings with respect to acts performed by them in their official capacity" and shall enjoy inviolability in respect of their official papers and documents.
2. The Board of Governors may waive to such extent and upon such conditions as it determines any of the immunities conferred under this Article in respect of the Chairperson of the Board of Governors, a Governor, an alternate Governor, a Director, an alternate Director or the Managing Director.
3. The Managing Director may waive any such immunity in respect of any member of the staff of the ESM other than himself or herself.
4. Each ESM Member shall promptly take the action necessary for the purposes of giving effect to this Article in the terms of its own law and shall inform the ESM accordingly.?