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Portrait of Walter Gapp

Walter Gapp

Lawyer

CMS Reich-Rohrwig Hainz
Rechtsanwälte GmbH
Gauermanngasse 2
1010 Vienna
Austria
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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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.

 

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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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Education

  • 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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Feed

14/12/2020
CMS ad­vises bank­ing syn­dic­ate on the is­su­ance of EUR 750,000,000 Ad­di­tion­al...
CMS ad­vised an in­ter­na­tion­al bank­ing syn­dic­ate com­pris­ing BofA Se­cur­it­ies, BNP Pari­bas, Er­ste Group, Gold­man Sachs In­ter­na­tion­al, JP Mor­gan and UBS as Joint Lead Man­agers on the suc­cess­ful is­su­ance of...
25/11/2020
Pop­u­lar in­vest­ment vehicles in Aus­tria
Up­dated on May 2022 In­vest­ment vehicle Real es­tate in­vest­ment fund (Im­moIn­vF) 1. Form Con­trac­tu­al 2. Tax Treat­ment Ex­empt at fund levelTax at in­vestor level­Gains from sale/dis­pos­al of fund units tax­able...
Comparable
21/10/2020
BRRD II – a cap­it­al view: M-MDA, cred­it­or hier­archy and selling eli­gible...
On 13 Oc­to­ber 2020, Aus­tri­an draft le­gis­la­tion im­ple­ment­ing BRRD II was pub­lished. The draft pro­posed by the Aus­tri­an Min­istry of Fin­ance is still sub­ject to re­view and po­ten­tial changes un­der the usu­al...
28/09/2020
Di­git­al glob­al notes for Aus­tri­an debt is­suers
Up to present, se­cur­it­ies (Wer­t­papiere) cre­ated un­der Aus­tri­an law had to be in pa­per-based form where those se­cur­it­ies are in­ten­ded to be settled in a se­cur­it­ies set­tle­ment sys­tem and to be­ne­fit from...
28/04/2020
Pay­ment morator­ia un­der COV­ID-19 le­gis­la­tion - Im­pact on se­cur­it­isa­tion...
Le­gis­lat­ors in many jur­is­dic­tions have ad­op­ted pay­ment morator­ia as a debt­or re­lief meas­ure in view of the COV­ID 19 situ­ation (please con­sult CMS Ex­pert Guide to Coronavir­us Re­lated Loan Morator­i­ums on...
19/03/2020
COV­ID-19 – ECB bank cap­it­al re­lief meas­ures – Aus­tri­an leg­al per­spect­ive
In its press re­lease of 12 March 2020, the ECB (in line with the EBA's state­ment of the same day) com­mit­ted it­self to two ma­jor cap­it­al re­lated meas­ures. Ac­cord­ing to the ECB, banks  •    can fully...
11/03/2020
Cap­it­al mar­kets law ex­pert Wal­ter Gapp joins CMS in Vi­enna as part­ner
The cap­it­al mar­kets law team at CMS in Vi­enna wel­comes an ex­per­i­enced ex­pert: Wal­ter Gapp has joined CMS in Vi­enna as part­ner. With a fo­cus on debt cap­it­al mar­kets, he has spe­cial­ised in sup­port­ing in­vest­ment...