Following the 14th lot of EU sanctions, directors and shareholders of Italian (and European) companies must ensure that their subsidiaries in non-EU territories comply with EU sanctions against Russia.
What kind of conduct should an Italian entrepreneur or company take in relation to its non-EU subsidiaries with respect to EU sanctions policy against Russia? In order to provide an adequate response, it is necessary to understand whether these companies are subject to compliance with the extensive European legislation in force reagarding sanctions, in particular EU Regulation 883/2014 “concerning restrictive measures related to actions that compromise or threaten Ukraine territorial integrity, sovereignty and independence”.
In-depth analysis by Carlo Scarpa and Ivan Rigatti of Tonucci & Partners.
