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

Legality of the International Agreement with Iran and Its Implementing Executive Orders Executive orders providing for the establishment of escrow accounts with the Bank of England and the Central Bank o f Algeria, directing the transfer of previously blocked Iranian governm ent 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 Em ergency Econom ic Pow ers A ct (IEEPA ). Banks and other holders of Iranian assets need not await formal vacation of court-ordered…