Explain whether iraq will be able to collect the funds

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Reference no: EM131390973

King Faisal II of Iraq was killed on July 14, 1958, in the midst of a revolution in that country that led to the establishment of a republic subsequently recognized by the U.S. government.

On July 19, 1958, the new republic issued a decree that all property of the former ruling dynasty, regardless of location, should be confiscated.

Subsequently, the Republic of Iraq brought suit in the United States to obtain possession of money and stocks deposited in the deceased king's U.S. bank account in New York City. Explain whether Iraq will be able to collect the funds.

Reference no: EM131390973

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