Common use of Disclosure by the Italian Authorities Clause in Contracts

Disclosure by the Italian Authorities. Each Party acknowledges and accepts that each Italian Authority may disclose any Confidential Information provided to it: (i) to its ultimate shareholder, holding, subsidiary, parent and Affiliate companies; (ii) to the Ministry of Economy and Finance of the Republic of Italy and its departments, other Italian Ministries (including any of their department), Inter-ministerial committees of the Italian Government and any other Italian committee, authority, agency or governmental entity; (iii) to any of their legal representatives, directors, officers, employees, agents and/or collaborators and/or advisers and/or consultants (either internal or external) subject to such persons undertaking confidentiality obligations with such Italian Authority, unless they are subject to professional duties of confidentiality; (iv) with reference to the Export Credit Agency: (A) to providers of reinsurance/counter guarantee or any form of risk enhancement (including their agents, brokers and consultants) subject to such persons undertaking confidentiality obligations with SACE, unless they are subject to professional duties of confidentiality; (B) for the purposes of the State guarantee in favour of SACE and/or the coinsurance regime between SACE and the Republic of Italy pursuant to article 6 of law-decree n. 269/2003 converted, with modifications, into law 326/2003 and/or for the purposes of article 2 of law decree 23/2020 converted, with modifications, into law 40/2020; or (C) following any payment due under the ECA Cover Document; (v) with reference to SIMEST, to providers of hedging arrangements entered into by SIMEST and/or the Ministry of Economy and Finance of the Republic of Italy and its departments in connection with the Facilities (including their agents, brokers and consultants), subject to such persons undertaking confidentiality obligations with SIMEST and/or the Ministry of Economy and Finance of the Republic of Italy and its departments, unless they are subject to professional duties of confidentiality; (vi) in the case that such Confidential Information is required to be disclosed by applicable law, regulation, rule or order of a competent authority in the context of litigation, arbitration or administration proceedings, or upon request by an international organization of which that Italian Authority is a member, or by other export credit or similar agencies.