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. 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
22nd edition, 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"
Frankfurt 2010, pp. 268–290 (Frankfurt School Verlag, 1. Auflage)




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"
Zürich/Basel/Genf 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"
Zürich/St.Gallen 2008 (Dissertation)


Deals and Cases

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).


GE’s Second Swiss Auto Lease Securitisation Transaction Listed on the SIX Swiss Exchange

Walder Wyss assisted GE Money Bank AG ("GE") as Swiss transaction counsel on its second public Swiss auto lease securitisation transaction listed on the SIX Swiss Exchange, transferring a portfolio of auto lease assets originated by GE to a newly set-up special purpose vehicle in Switzerland, Swiss Auto Lease 2013-1 GmbH  (the “Issuer”). The Issuer issued CHF 200,000,000 asset-backed senior notes to the Swiss capital market. Walder Wyss advised GE on the overall structuring and all Swiss legal, tax and VAT aspects of the transaction.

The Walder Wyss team included Johannes A. Bürgi (Partner, Finance), Lukas Wyss (Partner, Finance), Thomas Meister (Partner, Tax), Thomas S. Müller (Managing Associate, Finance), Jan Ole Luuk (Counsel, VAT), David Hadad (Associate, Finance), and David Borer (Associate, Finance).


EFG International sells its remaining stake in EFG Financial Products to Notenstein Private Bank

Walder Wyss AG advises EFG Financial Products

Walder Wyss advises SIX-listed EFG Financial Products in connection with the sale of the remaining stake of 20.25% in EFG Financial Products by SIX-listed private banking group EFG International to Notenstein Private Bank. The transaction is subject to regulatory approvals and is expected to complete during the first half of 2013.

The Walder Wyss team was led by Urs P. Gnos (partner; M&A) and Lukas Wyss (partner, Banking & Finance) and further comprised Markus Vischer (partner; M&A), Martin Busenhart (partner, Tax), Reto Jacobs (partner; Competition), Thomas S. Müller (managing associate; Banking & Finance), Lucas Hänni (managing associate; M&A) as well as Simon Kehl, Thomas Wehinger and Fabienne Claudon (all associates; M&A).


Curriculum Vitae PDF