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Issuance of new Iraq Executive Order

Release Date
11/30/2004
Recent Actions Body

The President has issued a new Executive Order amending Executive Order 13303 of May 22, 2003, to extend to the Central Bank of Iraq the same immunity from attachment and other judicial process granted to the Development Fund for Iraq (DFI) and to Iraqi petroleum and petroleum products. The new Order also amends E.O. 13303 to limit the immunity provided to the CBI, the DFI and Iraqi petroleum and petroleum products to exclude immunity from any final judgment arising out of a contractual obligation entered into by the Government of Iraq, including its agencies and instrumentalities, after June 30, 2004. Finally, the new Order amends E.O. 13303 to limit the immunity provided Iraqi petroleum and petroleum products by providing that such immunity applies only until title passes to the initial purchaser.