The European Association for Holders of Commonwealth of Independent States Securities (EAHCISS) aims to help investors navigate their journey in these fast-growing economies.
We bring investors together, provide invaluable insights from experts in the field, and act in your interest.

About & How to join

Many investors in Russian securities in Europe and the Americas struggle with the complexity surrounding these securities. EAHCISS is there to help. EAHCISS is a not-for-profit association under Dutch law that seeks to:

 -      Inform holders about the options for converting depositary receipts (ADR’s) into ordinary Russian or other CIS-securities. 

-      Inform holders about the current options for investing in Russian companies and other companies in the CIS.

-      Inform holders on how to claim unpaid dividends on these securities, and the different rules that apply to ADR’s and ordinary securities.

-      Provide invaluable contacts for investors (such as lawyers that can be used as a representative in Russia via a power of attorney to claim unpaid dividends). 

-      Keep holders informed about relevant legal developments such as sanctions. We are in regular contact with leading European law firms with expertise in securities law, sanctions law and collective redress. 

-      Provide a social community for investors in Russia and other CIS countries.

-      Provide relevant company specific updates for bigger companies. 

-      Keep holders updated on the options for collective claims against brokers, custodians and competent authorities that acted unlawfully and caused financial damage to investors (for example by refusing to convert or transfer securities or by refusing to facilitate the payment of dividends). 

-      Lobby for changes in (sanctions) legislation or to receive clarifications. We have contacts with Russian government officials, the European Commission and members of parliament in European member states. 

-      Launch legal procedures to try and set legal precedents that help investors. 

-      Seek media coverage to support our goals. We have given interviews to Bloomberg and were covered in a Bloomberg article that received widespread attention.

 How do I become a member?

Simply fill in the membership form here: Membership sign-up | EAHCISS | 

 Who can be a member?

Both retail investors and institutional investors can be members. We currently both have institutional investors and retail investors as members, although most of our members are retail investors. You do not have to be an EU resident. We have members from all over the world. 

 What are the membershipfees?

The current membership fee is 30 € per calendar year. Members also get access to a member only area, where we post guides (in progress), blueprints and other useful information. 

Download our leaflet here

English version

German version