5. (1) Subject to clause (2), any judgment, decree, order, award or decision passed, made or given by the Supreme Court of Pakistan or by any other court or by any tribunal, arbitrator, tax authority or other authority in Bangladesh in any legal proceedings by or against the erstwhile Government of Pakistan arising out of matters within territories of Bangladesh or the erstwhile Government of East Pakistan, shall be enforceable by or against the Government of Bangladesh. (2) The Government of Bangladesh may submit a written application to the court, tribunal, arbitrator, tax authority or other authority which passed, made or gave, or which is executing, any judgment, decree, order, award or decision stating that the Government of Bangladesh shall not satisfy the decree or award or shall not accept any liability or obligation under the judgment, decree, order, award or decision and with effect from the date of submission of such application the judgment, decree, order, award or decision shall cease to be enforceable against, and binding on, the Government of Bangladesh.