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Portrait of Walter Gapp

Walter Gapp


CMS Reich-Rohrwig Hainz
Rechtsanwälte GmbH
Gauermanngasse 2
1010 Vienna
Languages English, French, German

Walter Gapp is a lawyer with many years of specialisation in capital market law and financial market regulation. He regularly advises on the preparation of issuance programmes as well as the issuance of bonds and regulatory capital instruments. He also focuses on the structuring and support of securitisation transactions, new business models for financial service providers and comprehensive regulatory advice to banks, insurance companies and securities firms.
His clients include Austrian issuers, Austrian and international investment banks, commercial banks, insurance companies and securities firms, domestic and foreign funds as well as debt buyers and sellers.

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Memberships & Roles

  • Austrian Bankers’ Association (BWG)
  • Vienna Bar Association
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Awards & Rankings

  • Walter Gapp is repeatedly named as a leading lawyer in the field of capital markets law and banking supervisory law, and is “highly regarded” (IFLR1000) 
  • The German business newspaper Handelsblatt ranks Walter Gapp among the best lawyers in banking and finance law (Best Lawyers Ranking 2019, 2020).
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  • 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.


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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.
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  • 1999–2000: LL.M., Droit Européen et Droit International Économique, Universities of Geneva and Lausanne
  • 1997–1998: University of Geneva (one-year scholarship from the Swiss Confederation)
  • 1994–1995: Institut Supérieur de Traducteurs et Interprètes ISTI, Brussels
  • 1992–1999: Mag. phil., translator and interpreter training (French/English), University of Innsbruck
  • 1992–1998: Mag. iur., Law, University of Innsbruck
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