The library path is hardcoded in deploy/iiop-service.xml
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<classpath codebase="lib" archives="jboss-iiop.jar, jacorb.jar"/>
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Instead it should read
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<classpath codebase="${jboss.common.lib.url}" archives="jboss-iiop.jar"/>
<classpath codebase="${jboss.server.lib.url}" archives="jacorb.jar"/>
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Just like it's done in $profile/config/jboss-service.xml