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According to the law of sanctions, sanctions can freeze the assets of certain people/companies, but sanctions on individuals related to the sources of financial or banking activity of those individuals.
Ultimately, there is an example of sanctions on the multinational corporation: the Treasury Department imposed sanctions against the Iranian Venezuelan Bi-National Bank (IVBB).
IVBB was designated under E.O. 13382, which targets proliferates of weapons of mass destruction (WMD) and their supporters for engaging in financial transactions on behalf of the previously sanctioned Export Development Bank of Iran (EDBI)

• Zaiwalla & Co is one of the leading law firms, giving legal advice to individuals and businesses on complex cases, including the sanctions. Mr Sarosh Zaiwalla and his colleagues represent clients before the UK and EU courts in challenging restrictive measures wrongly applied to them. 
• As their success cases, Bank Mellat’s damages claim for $1.6 bn against the UK Treasury, representing Bank Tejarat of Iran in challenging the sanctions imposed by the Council of the European Union and Deutsche Bank AG v Central Bank of Venezuela & Ors can be mentioned.

• Mr. Erich Ferrari is a well-known sanction attorney. He assists his clients with the US trade sanctions and federal criminal defense. The issues arising before the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) are his main focus. 
• Mr. Ferrari’s clients fall into one of three areas: they are on one of the sanction lists; they need representation after dealing with embargoed countries, or they want to navigate a policy. The Zarrab case is among the famous cases he has worked on. 

• As the managing director of Blackstone Solicitors, Ms Nawaz mainly works on the sanctions, banking and trade cases related to Iran and has won many cases in this regard. 
• Her law firm has successfully represented clients who have suffered from mistaken account closure. An Iranian student’s case against the Royal Bank of Scotland (RBS) is one of these cases. 

• Mr Sharokh Koussari represents a broad range of UK and overseas corporate clients. He is also on the advisory board of Goal UK. 
• Sharokh has represented several Iranians in London courts on their bank account closure matters against the UK banks. In addition, he regularly advises clients tactically in contentious situations intending to achieve preferred results.

This is accepted in both public and private international law that no debt should remain unpaid. So sanctions could not be an excuse to avoid paying debts. This is applicable in both sides of sanctions, as well as third parties.
A significant barrier to pay debts is when the banking or financial system of a sanctioned party is locked. This does not make the debt disappear; however, it makes it difficult, even sometimes impossible, to pay. Obviously, as soon as the barrier vanishes, the debts should be paid. In some cases, the delay would be compensated.