Thomas Müller
Dr. iur., LL.M., Attorney at Law
Partner

Thomas Müller Thomas Müller Thomas Müller Thomas Müller


Thomas Müller advises banks, insurance companies, asset managers, fund managers and other financial institutions in complex regulatory matters and represents market participants before the Swiss regulatory authorities and civil courts. In finance, he focuses on corporate debt finance, asset based lending (including real estate finance), note issuance programs and securitisation. Other special services include international legal assistance, white collar crime and insolvency law.

Thomas Müller is a lecturer at University of Geneva Law School and Co-Chairman of the Banking Law Practice Group of the Berne Bar Association. Chambers & Partners recognizes him as leading practitioner in the field of investment funds. Commentators endorse Thomas Müller, inter alia, for being «approachable and commercially minded».

Thomas Müller was educated at University of Bern Law School (lic. iur., 2000; Dr. iur., 2008) and holds an LL.M. degree from the New York University School of Law (2005). In 2007, he was a visiting scholar at Fordham University School of Law, New York. Prior to joining Walder Wyss, Thomas Müller was an associate with the litigation and arbitration practice of major law firms in Zurich and New York. In 2009, Thomas Müller was seconded to the Swiss Bankers’ Association in Basel where he was responsible for the revision of the Swiss deposit protection scheme.

Thomas Müller works in German, English and French. He is registered with the Zurich Bar Registry and admitted to practice in all Switzerland.

Contact
Thomas Müller
Direct phone: +41 58 658 55 60


Walder Wyss Ltd.
Seefeldstrasse 123
P.O. Box
8034 Zurich
Switzerland
Phone +41 58 658 58 58
Fax +41 58 658 59 59
vCard


Practice Areas

Thomas Müller Thomas Müller Thomas Müller Thomas Müller

Thomas Müller
Dr. iur., LL.M., Attorney at Law
Partner

Thomas Müller advises banks, insurance companies, asset managers, fund managers and other financial institutions in complex regulatory matters and represents market participants before the Swiss regulatory authorities and civil courts. In finance, he focuses on corporate debt finance, asset based lending (including real estate finance), note issuance programs and securitisation. Other special services include international legal assistance, white collar crime and insolvency law.

Thomas Müller is a lecturer at University of Geneva Law School and Co-Chairman of the Banking Law Practice Group of the Berne Bar Association. Chambers & Partners recognizes him as leading practitioner in the field of investment funds. Commentators endorse Thomas Müller, inter alia, for being «approachable and commercially minded».

Thomas Müller was educated at University of Bern Law School (lic. iur., 2000; Dr. iur., 2008) and holds an LL.M. degree from the New York University School of Law (2005). In 2007, he was a visiting scholar at Fordham University School of Law, New York. Prior to joining Walder Wyss, Thomas Müller was an associate with the litigation and arbitration practice of major law firms in Zurich and New York. In 2009, Thomas Müller was seconded to the Swiss Bankers’ Association in Basel where he was responsible for the revision of the Swiss deposit protection scheme.

Thomas Müller works in German, English and French. He is registered with the Zurich Bar Registry and admitted to practice in all Switzerland.

Thomas Müller
Direct phone: +41 58 658 55 60

Walder Wyss Ltd.
Seefeldstrasse 123
P.O. Box
8034 Zurich
Switzerland
Phone +41 58 658 58 58
Fax +41 58 658 59 59


vCard

Practice Areas Publications

Kommentar zu Art. 37l und 37m (nachrichtenlose Vermögenswerte) des Schweizerischen Bankengesetzes

by Thomas Müller
in: Bodmer/Kleiner/Lutz (Editor[s]), "Kommentar zum Bundesgesetz über die Banken und Sparkassen vom 8. November 1934"
Zurich/Basel/Geneva 2015







Kommentierung zu Art. 32, 142–144(Commentary on articles 32, 142–144)

by Thomas Müller
co-authored by Patric Brand
in: Bösch/Rayroux/Winzeler/Stupp (Editor[s]), "Basler Kommentar zum Kollektivanlagengesetz"
2. Auflage, Basel 2015









Kommentar zu Art. 37e, 37f, und 37g zum Bundesgesetz über die Banken und Sparkassen vom 8. November 1934(Commentary on articles 372, 37f and 37g of the Swiss Federal Act on Banks and Savings Banks of 8 November 1934)

by Thomas Müller
22. Nachlieferung, Zurich/Basel/Geneva 2014



Basler Kommentar zum Bankengesetz, Einleitung(Commentary to the Federal Banking Act, Introduction)

by Thomas Müller
2. Auflage, Basel 2013





Kommentar zu Art. 37a, 37b, 37c, 37h, 37i, 37j und 37k des Bankengesetzes

by Thomas Müller
in: Zobl et al. (Editor[s]), "Kommentar zum Bundesgesetz über die Banken und Sparkassen vom 8. November 1934"
21. Nachlieferung, Zürich/Basel/Genf 2013











Aktuelle Regulierungspraxis bei strukturierten Produkten(Recent Practice on the Regulation of Structured Products)

co-authored by Christian Staub and Thomas Müller
in: Schweizerische Juristen-Zeitung (SJZ)" 4/2011, pp. 73 ff.



Internationalisierungstendenzen im Finanzmarktrecht(Internationalization Tendencies in Financial Market Law)

co-authored by Thomas Müller and Christian Staub
in: Schweizerische Zeitschrift für Wirtschafts- und Finanzmarktrecht (SZW)" 1/2011, pp. 20 ff.




Falsche Prioritäten in der Einlagensicherung(Inaccurate Priorities in the Deposit Protection Scheme)

by Thomas Müller
in: Neue Zürcher Zeitung (NZZ)" 26 January 2010, p. 27


Bankenaufsichtsrechtliche Entwicklungen in der Schweiz(Developments in Swiss Banking Regulation)

co-authored by Johannes A. Bürgi and Thomas Müller
in: Heemann/Grieser (Editor[s]), "Bankenaufsichtsrecht – Entwicklungen und Perspektiven"
1. Auflage, Frankfurt 2010, pp. 268–290




Kommentar zu Art. 16 und 37d–37g des Schweizerischen Bankengesetzes(Commentary to Art. 16 and 37d–37g of the Swiss Banking Act)

by Thomas Müller
in: Bodmer/Kleiner/Lutz (Editor[s]), "Kommentar zum Bundesgesetz über die Banken und Sparkassen vom 8. November 1934"
Zurich/Basel/Geneva 2010



Swiss Regulation of Investment Funds: Recent Developments

by Thomas Müller
in: World Securities Law Report" 6/2009 Vol. 15, pp. 24 ss.


Basler Kommentar zu Art. 32 des Kollektivanlagegesetzes (KAG)(Commentary to Art. 32 of the Collective Investment Schemes Act, CISA)

co-authored by Thomas Müller and Markus Pfenninger
Basel 2009


Kommentar zu Art. 37a–37c, 37h und 37i des Bankengesetzes(Commentary to Art. 37a–37c, 37h und 37i of the Swiss Banking Act)

by Thomas Müller
in: Bodmer/Kleiner/Lutz (Editor[s]), "Kommentar zum Bundesgesetz über die Banken und Sparkassen vom 8. November 1934"
Zurich/Basel/Geneva 2009


Die Passing-on Defense im schweizerischen Kartellzivilrecht - unter besonderer Berücksichtigung des amerikanischen, europäischen und deutschen Rechts(Passing on the Monopoly Overcharge: A comprehensive Policy Analysis of U.S., European, German and Swiss Competition Law)

by Thomas Müller
in: "Schweizer Schriften zum Handels- und Wirtschaftsrecht"
Zurich/St. Gallen 2008 (Dissertation)


Deals and Cases

Crédit Mutuel Arkéa to acquire Keytrade Bank

On 7 December 2015, Belgian bank Crelan and French bank Crédit Mutuel Arkéa entered into an exclusivity agreement in view of the acquisition by the latter of all of Belgian online banking leader Keytrade Bank’s activities, including in Switzerland. The transaction is to be implemented in the course of the first quarter of 2016 and will enable Crédit Mutual Arkéa to continue its expansion in all fields of digital banking.

Walder Wyss acts as Swiss legal advisor to Crédit Mutuel Arkéa. The team is being led by Luc Defferrard (Partner, Corporate/M&A and Banking & Finance) together with Thomas Müller (Partner, Banking & Finance) and further includes Tervel Stoyanov (Associate, Banking & Finance), Alexandre Both (Managing Associate, Banking & Finance), Simone Wetzstein (Associate, Employment), Dirk Spacek (Associate, IP/IT), Hubertus Hillerström (Managing Associate, Banking & Finance), Louis Christe (Trainee, Banking & Finance) and Fabian Glässer (Associate, Banking & Finance).


AMAG Leasing: Inaugural Auto Lease ABS 2015-1

On 3 December 2015, AMAG Leasing AG closed its inaugural auto lease securitization transaction involving the issue by Swiss Car ABS 2015-1 AG (the Issuer) of CHF 310,400,000 0.20 percent Asset-Backed Class A Notes due 2025. The Notes issued are listed on the SIX Swiss Exchange and are backed by a portfolio of auto lease assets originated by AMAG Leasing AG and transferred to the Issuer. The Notes are rated "AAAsf" by Fitch and "Aaa(sf)" by Moody’s. UBS Investment Bank acted as Lead Manager, Sole Bookrunner and Co-Arranger, Zürcher Kantonalbank acted as Senior Co-Manager and StormHarbour acted as Co-Arrangers on this transaction.

Walder Wyss advised AMAG Leasing AG on the overall structuring and all Swiss legal, tax and VAT aspects of the transaction. The Walder Wyss team included Lukas Wyss (Partner, Finance), Johannes A. Bürgi (Partner, Finance), Maurus Winzap (Partner, Tax), Thomas S. Müller (Partner, Finance), Jan Ole Luuk (Counsel, VAT), David Borer (Associate, Finance), Martina Nüesch (Associate, Finance), Anna Baldenbach von Bröchen (Associate, Finance), Fabienne Limacher (Associate, Tax) and David Henseler (Trainee, Finance).


Swiss Credit Card Securitisations 2015-1 and 2015-2 listed on the SIX Swiss Exchange

On 15 June 2015, Credit Suisse AG and Swisscard AECS GmbH (the Originators) closed their third credit card securitization transaction involving the issue by Swiss Credit Card Issuance 2015-1 AG (Issuer 2015-1) of CHF 190,000,000 0.180 per cent Asset-Backed Class A Notes (due 2020), CHF 6,000,000 1.125 per cent Asset-Backed Class B Notes (due 2020) and CHF 4,000,000 1.875 per cent Asset-Backed Class C Notes (due 2020) and by Swiss Credit Card Issuance 2015-2 AG (Issuer 2015-2) of CHF 190,000,000 0.340 per cent Asset-Backed Class A Notes (due 2022), CHF 6,000,000 1.500 per cent Asset-Backed Class B Notes (due 2022) and CHF 4,000,000 2.375 per cent Asset-Backed Class C Notes (due 2022) to the Swiss capital market. All Notes are listed on the SIX Swiss Exchange and are backed by a portfolio of Swiss Visa, MasterCard, and American Express credit card receivables originated by Credit Suisse and Swisscard – a joint venture between Credit Suisse and American Express. The transactions were again issued through Credit Suisse’s and Swisscard’s credit card receivables securitization platform.
 
The proceeds of the two transactions will mainly be used to refinance the Originators’ first securitization transaction that was redeemed in full on 15 June 2015. Also, the two transactions have been structured to address and allow for the consummation of the potential upcoming general business transfer from Credit Suisse to Swisscard which, if and when consummated, includes the transfer of the credit card receivables portfolio. Simultaneously, the Originators’ credit card receivables securitization platform and the current second credit card securitization transaction involving the issue by Swiss Credit Card Issuance No. 2 Ltd. of CHF 189,800,000 0.40 per cent Asset-Backed Class A Notes (due 2016), CHF 6,200,000 1.80 per cent Asset-Backed Class B Notes (due 2016) and CHF 4,000,000 2.70 per cent Asset-Backed Class C Notes (due 2016) have been partially amended and restated to address and allow for the potential business transfer.
 
Walder Wyss advised the Originators on the overall structuring and all Swiss legal, tax and VAT aspects of the transaction. The Walder Wyss team included Lukas Wyss (Partner, Finance), Johannes A. Bürgi (Partner, Finance), Thomas Meister (Partner, Tax), Thomas S. Müller (Partner, Finance), Jan Ole Luuk (Counsel, VAT), Anna Baldenbach von Bröchen (Associate, Finance), Janine Corti (Associate, Tax), Anna-Lynn Fromer (Trainee, Finance) and Valentin Wiesner (Trainee, Finance).


Cembra's CHF 200’000’000 Swiss Auto Lease ABS transaction listed on the SIX Swiss Exchange

On 23 March 2015, Cembra Money Bank AG (Cembra) closed its third auto lease securitization transaction involving the issue by Swiss Auto Lease 2015-1 GmbH (the Issuer) of CHF 200,000,000 0.23 per cent. Asset-Backed Class A Notes due 2025 and CHF 22,600,000 0.40 per cent. Asset-Backed Class B Notes due 2025 to the Swiss capital market. The Notes issued are listed on the SIX Swiss Exchange and are backed by a portfolio of auto lease assets originated by Cembra and transferred to the Issuer.

Walder Wyss advised Cembra also on this third transaction on the overall structuring and all Swiss legal tax and VAT aspects of the transaction. The Walder Wyss team included Lukas Wyss (Partner, Finance), Johannes A. Bürgi (Partner, Finance), Thomas Meister (Partner, Tax), Thomas Müller (Partner, Finance), Jan Ole Luuk (Counsel, VAT), Ramona Wyss (Associate, Finance) and David Henseler (Trainee, Finance).


Minerva IPO and Acquisition

Minerva Neurosciences Inc. completed its initial public offering of nearly 5.5 million shares, which began trading on 1 July 2014 on the NASDAQ Global Market under the ticker symbol «NERV». Prior to the IPO, Minerva acquired all shares in Mind-NRG S.A., a Swiss pre-clinical stage pharmaceutical company.

Walder Wyss AG has acted as Swiss legal advisor to Minerva. The team was led by Urs P. Gnos (Partner, Corporate/M&A) and included Markus Vischer (Partner, Corporate/M&A), Hubertus Hillerström (Managing Associate, Banking Finance), Fabienne Claudon (Associate, Corporate/M&A), Samuel Lieberherr (Associate, Corporate/M&A), Janine Corti (Associate, Tax) and Manuel B. Mühlestein (Trainee, Corporate/M&A).


Curriculum Vitae PDF