PIERCING THE CORPORATE VEIL IN EU LAWS AND LEGAL PRECEDENT IN RELATION TO SANCTIONING THE SUBSIDIARIES OF THE NATIONAL IRANIAN COMPANY

Document Type : ISI

Authors

1 Assistant Professor University of Tehran, Faculty of Law and Political Sciences

2 Master of Oil and Gas Law, University of Tehran, Faculty of Law and Political Sciences

Abstract

Nuclear-related economic sanctions of EU against Iran were a set of restrictive measures, the negative impact of which was felt more in Iran’s oil and gas sector, it being the main income-generating sector of Iran’s economy. These sanctions were applied to the extent that the designated entities were not only prohibited from doing any transaction with elements within the EU jurisdictions, but also all their assets and economic resources were frozen. This article reviews the relevant laws and legal precedents which have been formed over the sanction’s disputes and delisting cases by studying the legal elements of designating an entity and the legal situation of Iranian oil companies under EU Sanctions. The paper at hand endeavors to present a better picture of the reason and logic behind listing of Iranian oil companies in the EU list of designated entities.

Keywords

References

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Journal Of Researches Energy Law Studies
Volume 5, Issue 1
Spring & Summer
April 2019
Pages 43-60

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