AmCham Compliance Conference 2023: Sanctions and Compliance – Are you fully prepared?

Compliance 2023

Although a typically difficult topic to navigate, the inadvertent violation of sanctions was not something businesses in Hungary had to worry about. That changed drastically on February 24, 2022, from which point rapidly changing regulations created an increasingly complex minefield of risks that suddenly many had to navigate. Join us for a discussion on the geopolitical realities of the ongoing war in Ukraine and other potential conflicts in the world and learn how and why sanctions are used and what effects they have on the global and state economies. We will also discuss the practical aspects of complying with sanctions as a business, the risks and pitfalls one needs to avoid and the surprisingly high penalties that may be incurred – even unknowingly.

Event details:

Date: Wednesday, June 7
Location: Párisi Udvar Hotel Budapest (1052 Budapest, Petőfi Sándor u. 2-4.)
Registration: 08:30-09:00
Conference & Reception: 09:00-13:30
Participation fee: Members: 34,990 HUF +VAT; Non-members: 45,000 HUF + VAT
Cancellation policy: please note that written cancellations made by June 1 receive a full refund. Late cancellations or “no-shows” will be charged.

The event will be held in English without translation. 


08:30-09:00: Arrival and networking

09:00-09:05: Welcome Remarks by Krisztián Toka, Board Member, AmCham Hungary

09:05-09:30: Assessment of Sanctions in the Foreign Policy Toolkit - Keynote by Botond Feledy, Director of Tipping Point Consulting, Geopolitical Risk Analyst and EU Expert

09:30-10:00: Straddling the Fence: Managing Economic Sanctions in Hungary - Keynote by Ramsey Jurdi, Partner, DLA Piper 

10:00-10:20: Coffee break and networking

10:20-11:00: Panel I.: Bringing Out the Stick: Sanctions in Geopolitics

Santions are an often talked about staple of hard power projection in international affairs. But how and why are they levied and to what effect?

Moderator: Dávid Kőhegyi, Partner, Head of Compliance and Investigations, DLA Piper Budapest


  • Ramsey Jurdi, Partner, DLA Piper
  • Botond Feledy, Director of Tipping Point Consulting, Geopolitical Risk Analyst and EU Expert

11:00-11:40: Panel II.: Sanctions and You: A Practical Discussion on Risk Mitigation

In this panel, we discuss the practical compliance questions that all businesses should be familiar with, such as: “What is the compliant way to navingating a rapidly changing sanction environment?”, “How much due diligence is needed?”, “What are the unintended consequences of violation?”, and many more.

Moderator: Judit Budai, Senior Partner, Szecskay Attorneys-at-law


  • Tamás Nietsch, Vice Chairman of the Hungarian Association of Customs Affairs 
  • Nicholas Sarvari, Managing Partner, CNS Risk

11:40-11:45: Closing Remarks

11:45-13:30: Reception and networking

Please note that the agenda is subject to change.
The event is not open to the press, Chatham House rules apply.

Botond Feledy, Director of Tipping Point Consulting, Geopolitical Risk Analyst and EU Expert
Mr. Botond Feledy is a lawyer, foreign policy expert and commentator. He lives in Brussels and serves as the Secretary for Leadership at the Jesuit European Social Centre, in charge of the European Leadership Programme among others. His research focus is cyber security and hostile influence operations in Central Europe. He was elected as member of the #NewEurope100, a joint initiative of Google, Financial Times, Visegrad Fund and the Polish Res Publica Foundation to choose yearly the hundred most transformative person of the Central European region. He is former director of the Saint Ignatius Jesuit College, he is still working at various instances of the Hungarian public talent management programs. He presides the Institute of Social Reflection as well as offers seminars in IR theory at Pazmany University, Budapest.
Ramsey Jurdi, Partner - Litigation, Arbitration, and Investigations at DLA Piper
Ramsey's practice focuses on international dispute resolution, trade and regulatory matters.

Ramsey has considerable experience advising U.S. and international companies on compliance with respect to economic sanctions and U.S. export controls, defending white-collar criminal inquiries and conducting special investigations. He has been involved in a variety of matters relating to economic sanctions administered by the Office of Foreign Assets Control (OFAC) and the Foreign Corrupt Practices Act (FCPA) and has designed compliance programs for companies in the pharmaceutical, petrochemical, and general manufacturing industries.

Ramsey also has strong dispute resolution experience, regularly appearing as counsel in arbitration proceedings and advising on disputes throughout the Middle East.

Ramsey is the four-term elected President of the American Business Council of Dubai & the Northern Emirates, a chapter of the US Chamber of Commerce, and is a champion for US - UAE trade and investment.
Dávid Kőhegyi, Partner, Head of Compliance and Investigations, Budapest
As a specialist in regulatory investigations and international dispute settlement, Dávid Kőhegyi dedicates most of his time to representing clients in solving regulatory problems, dealing with high profile investigations - often involving multiple jurisdictions - and resolving international disputes.

David has a particular expertise in investor-state arbitration and recently participated in the renegotiation of ICSID’s Arbitration Rules. David is on ICSID’s Panel of Arbitrators as Hungary’s designee.

David is a dual-qualified attorney as a member of the Budapest Bar Association and the State Bar of New York.

He was Second Vice President of the American Chamber of Commerce in Hungary.
Judit Budai, Senior Partner, Szecskay Attorneys at Law
Judit Budai is a senior partner and co-manager of the firm. Having joined the firm since its foundation, she has gained broad corporate, M&A, competition, corporate finance, capital markets transactional and regulatory experience from wide range of industry and service area segments.

During the first half of her practice, Judit played both a team member and team leader advisory role in a number of privatization and strategic M&A (both seller and buyer side) deals and IPOs. Recently Judit is more active in M&A and corporate restructuring or finance transactions for both strategic and financial investors (VC/PE investors and financial institutions), or giving complex corporate structuring advise to innovative start-ups. Judit also advises business owners and top executives in connection with expanding their businesses and restructuring operation for a more sustainable business model or to help generation exchange or solving shareholders disputes.

She is fluent in English.
Tamás Nietsch, Vice Chairman of the Hungarian Association of Customs Affairs
Tamas Nietsch, MSc of Economics, was born in 1957 in Budapest. Having graduated on the International Relations Faculty of the University of Economics in Budapest in 1980, he received his professional diploma as international freight forwarder in 1981. In the early 80-s he was employed in the areas of international freight forwarding, export-import administration, warehousing, road transportation, and became a medium level manager from 1983, then the chief officer from 1986. He founded his company in 1989, since that time he is the General Manager and provides export-import consultancy. Between 2006 and 2022 he has been the EMEA regional manager for customs and trade compliance of a multinational company. He retired in 2022.

He is one of the founding members of the Hungarian Association of Customs Affairs and has served as a Board member, then as the Chairman of the Professional and International Commission. Nowadays he is the Vice Chairman of the Association. He was one of the directors of the International Federation of Customs Brokers Associations between 1994 and 2006, then the Chairman between 2006 and 2008. He has been working with the Commission on Customs and Trade Facilitation of the International Chamber of Commerce for about 20 years, and he is the Chairman of the same commission of the ICC Section of the Hungarian Chamber of Commerce and Industry. He is a member in the International Compliance Professionals Association, too. He is the author of the books “The Rules of International Trading in Hungary” (2004, 2005 and 2006) and “The Role of Customs in the Supply Chain” (2018), he was a member of the editorial board of the book “The Export Trade”, the chair of the Professional Commission for the Translation of Incoterms 2010 to Hungarian. He was the proof-reader of the Hungarian translation of Incoterms 2020.
Nicholas Sarvari, Managing Partner, CNS Risk
A recognized international business intelligence and risk expert, Nicholas has provided timely strategic advice to governments and corporates across Central & Eastern Europe and the Former Soviet Union (FSU) since the mid-1990s. He grew CNS Risk to a worldwide consultancy that today delivers information, analysis and risk advice to law firms, financial institutions, and companies operating in high-risk environments across the globe. With a meticulous approach and ability to simplify complex, multijurisdictional situations, Nicholas has more than twenty years of experience investigating large-scale fraud, corruption and corporate crime. He and his team are well versed in the demands of litigation and arbitration and have a proven success record in obtaining actionable intelligence and distinguishing evidence litigation teams can actually use. Marshalling an extensive global source network and utilizing experience with high-spec analysis technologies previously only available to government agencies, CNS Risk has grown a tenacious team that delivers open source intelligence and regular analysis to clients seeking to keep on top of issues impacting their business. A keen advocate for the role of intelligence and technology in the corporate sphere, he shares his experience frequently as a speaker at international conferences, and from time to time is a contributor to business and legal education programs around Europe & North America. Nicholas is a member of the ACFE.
Párisi Udvar Hotel Budapest
1052 Budapest, Petőfi Sándor u. 2-4.
Registration Deadline
Member Participation Fee
34.990 HUF + VAT
Non-Member Participation Fee
45.000 HUF + VAT