The Iranian Crisis and U.S. Law

McGreevey, Robert M. | January 1, 1980

The Iranian crisis created a laboratory in which to examine theforeign affairspowers of the branches of the United States government. In this Arti- cle, Mr. McGreevey begins his analysis with a study of the litigation waged by Chase Manhattan Bank and other American parties for control of Ira- nian assets. Foreign sovereign immunity from pre-udgmaent attachment is an important issue in this litigation, and is treated in Part I Part III exam- ines the posture of the executive during the pendency of the assets litigation. The Article concludes with a discussion of the foreign affairs powers of the President in light of the agreement that was reached between Iran and the United States on January 19, 1981.