The Study of the Solutions to Decrease the Risk of Sanctioning of Subsidiaries of NIOC with regards to EU Economic Sanctions

The study of legal regime of imposition of unilateral economic sanctions can have a vital role in operation of companies being designated as sanctioned entity. One of the powerful and complex regime of economic sanctions are the restrictive measures imposed by European Union. This article studies the theory of piercing the corporate veil as one of the important theories n EU law and the EU applicable laws and regulations in sanctioning entities and corporations. Finally it provides solutions for Iranian oil companies active in EU jurisdiction to structure themselves in a way to reduce the chance of being considered as a sanctioned entity.