Legality of the International Agreement with Iran and Its Implementing Executive Orders (II)

Legality of the International Agreement with Iran and Its Implementing Executive Orders Executive orders providing for the establishment o f escrow accounts with the Bank of England and the Central Bank o f Algeria, directing the transfer o f previously blocked Iranian government assets to those accounts, and nullifying all interests in the assets other than the interests of Iran and its agents, are within the President’s authority under the International Emergency Economic Powers Act (IEEPA ). Banks and other holders o f Iranian assets need not await formal vacation of court-ordered…