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Abstract

The present article is devoted to the legal issues raised, in the field of international trade and foreign investment, by the imposition of economic sanctions on States, or legal or natural persons belonging to these States. The article is written in the context of the measures taken against the Islamic Republic of Iran (‗Iran‘) during the last decade in light of the current nuclear crisis and the European Union response in particular. It traces the sanctions regime, its legality, implementation and impact and goes on to conclude that in light of the negative impact on trade and investment between Iran and its commercial partners caused by sanctions, investment opportunities in Iran, particularly in the energy sector, are likely to benefit those States that are more willing to preserve or even strengthen commercial ties with Iran and, thus, that are reluctant to accept new sanctions, or to apply in a drastic way existing measures

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