Partner

Walter Gapp

Languages

German
English
French

Walter Gapp is an experienced lawyer and partner at CMS Vienna, specialising in Capital Market Law and financial market regulation. He advises clients on the structuring and implementation of issuance programs, as well as the issuance of bonds and regulatory capital instruments.

His work also focuses on structuring and advising on securitization transactions. In addition, he assists financial service providers in developing new business models and provides comprehensive advice on regulatory issues.

His clients include Austrian issuers, domestic and international investment banks, commercial banks, insurance companies, securities firms, crypto-asset service providers (CASPs), as well as domestic and foreign funds and buyers and sellers of receivables.

Awards & Recognitions

01 –

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Walter Gapp is dedicated to our company.

Chambers Europe 2026
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He has a lot of regulatory know-how and is a smart guy.

Chambers Europe 2024
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Walter Gapp is a very pleasant and knowledgeable lawyer

Chambers Global 2026

Publications

Payment moratoria under COVID-19 legislation - Impact on securitisation structures - EBA clarification, CMS Law-Now, 2020
Chapter on Securitization, in Dellinger/Blume, CRR-Kommentar (2019)
Chapter on Austria, in Zerey (Hrsg), Finanzderivate. Rechtshandbuch3 (Nomos, 2013).
Neues CET1-Instrument. Vom Partizipationskapital zur „Bankaktie“ und zurück? Eine erste Einordnung, ZFR 2013/7, 302.
Gapp/Lanschützer, Zahlungsdienstegesetz II: Informationspflichten, Rahmenvertrag und Zahlungsvorgänge ZFR 2009/5, 176.
Gapp/Lanschützer, Zahlungsdienstegesetz I: Aufsichtsrecht: Konzessionstatbestände, Eigenmittel, interne Organisation, ZFR 2009/5, 170.
Nach Basel II: Reform der Eigenmitteldefinition? – Aktuelle Rechtsfragen und Tendenzen, ZFR 2008/1, 29.
Ebner/Gapp, Neuer Rechtsrahmen für Warenderivate, ecolex 2008/1, 20.
Gapp/Gfall, Transparenzpflichten nach MiFID, ecolex 2007/4, 228.
Internal Governance für Kreditinstitute und Wertpapierfirmen – Organisationsvorschriften nach Basel II, ÖBA 2007/3, 169.
Gapp/Gfall, Innovatives Tier I in Österreich – Die Emission hybrider Finanzinstrumente nach dem BWG, ÖBA 2005/1, 5.
Deposit Insurance Design – Einlagensicherung in Österreich und internationale „best practice“, ÖBA 2003/10, 70.
Gapp/Gfall, Grenzüberschreitende Bankgeschäfte ohne inländische Niederlassung – Internationale Anknüpfung und Konzessionspflicht, ecolex 2003/4, 244.

Memberships & Roles

Austrian Bankers’ Association (BWG)
Austrian Bar Association

Lectures list

Walter Gapp is a lecturer in securitisation in the LL.M. programme in banking and financial market law at the University of Liechtenstein.

Education

2000 – LL.M., Droit Européen et Droit International Économique, Universities of Geneva and Lausanne
1997-1998 – Scholarship, Swiss Confederation, University of Geneva
1994-1995 – Institut Supérieur de Traducteurs et Interprètes ISTI, Brussels
1999 – Mag. phil., translator and interpreter training (French/English), University of Innsbruck
1998 – Mag. iur., Law, University of Innsbruck

Practice Areas

Banking & Finance Insolvency & Restructuring Capital Markets

sectors

Funds

Insights by Walter

See all Insights

Expert Guide International

AIFMD II Implementation across jurisdictions

28 May 2026 4 min read

Press releases Austria

CMS advises Erste Asset Management GmbH on the acquisition of Impact Asset Management GmbH

16 Sep 2024 2 min read

Legal Update Austria

EU legislative initiatives on recovery and resolution planning for insurance undertakings are taking shape

13 Feb 2024 6 min read

Event International

Cross Border Financial Regulation

15 Nov 2023