LODGED BY THE REPUBLIC OF IRAQ UNDER THE CAPE TOWN CONVENTION AT THE TIME OF THE DEPOSIT OF ITS INSTRUMENT OF ACCESSION
A- A Declaration under subparagraph (a) of paragraph (1) of Article 39 of the Convention
The Republic of Iraq declares that, all non-consensual rights or interests which have priority over the rights of secured creditors under the laws of the Republic of Iraq, shall have priority (without registration), over registered international interests, whether in or outside insolvency proceedings.
B- A Declaration under paragraph (2) of Article 54 of the Convention
The Republic of Iraq declares that, all remedies available to the creditor under the Convention or the Protocol, which are not expressed under the provisions thereof to require application to the court, may be exercised without court action and without leave of the court.