B. Cremades & Asociados > Madrid, Spain > Firm Profile

B. Cremades & Asociados
28001 MADRID

Spain > Dispute resolution Tier 3

Well-established arbitration boutique B. Cremades & Asociados draws on the extensive experience of name partner Bernardo Cremades, who has been a regular fixture in complex arbitration proceedings during his career. Both commercial and investor-state arbitration feature in the team’s caseload, and the team is well versed in a broad range of sectors, including financial services, construction and oil and gas. In addition to major companies, high-profile individuals also turn to the firm for assistance in sensitive disputes. Litigation is another strength. Bernardo Cremades Román Jr often takes a key role on the department’s major cases, as do Javier Juliani Aznar and Ángel Tejada.

Practice head(s):

Bernardo Cremades

Other key lawyers:

Ángel Tejada; Bernardo Cremades Román Jr; Javier Juliani Aznar; Sandra Cajal Martín; José María López Useros; Rodrigo Cortés Calvo; Patrick Byrne

Key clients

Compañía de Inversiones Mercantiles, S.A. (CIMSA)

Inversiones Continental (Panamá), S.A.

Ibercaja Banco, S.A.

Comunidad Judía de Madrid & Federación de Comunidades Judías de España

Cruz Holdings Limited

Teleféricos Doppelmayr Bolivia S.A.

Work highlights

  • Represents CIMSA in a dispute that arose out of the breach of a shareholders’ agreement.
  • Aacting as counsel for Inversiones Continental in an ICSID dispute against the Republic of Honduras regarding the forced liquidation of Banco Continental.
  • Acting as counsel representing two pharmaceutical corporations owned by dual nationals of Venezuela and Spain; the dispute concerns the measures taken by authorities of Venezuela and implemented within the country’s territory against our clients’ properties and assets.

Latin America: International firms > International arbitration Tier 5

Led by veteran founding partner Bernardo M Cremades S and Bernardo Cremades Jr, with notable support from partner Ángel Tejada, Madrid-based practice B. Cremades & Asociados has acted on various ICSID and ICC proceedings. Work highlights include securing a settlement for the Bolivian subsidiary of Austrian-based Doppelmayr/Garaventa in a contract dispute with Bolivian state-owned company Mi Teleférico over the construction of a cableway transport system; and acting for Hidroeléctrica San Lorenzo in two long-running ICC arbitrations arising from the construction of a power plant in Panama. In addition to its expertise in construction and infrastructure, the firm has also worked with clients in the energy, gaming and pharmaceutical sectors.

Practice head(s):

Bernardo M. Cremades; Bernardo M. Cremades Román


‘The most remarkable aspect from my point of view is the exclusivity in the provision of services as a boutique. Special and personalised attention with very close and direct involvement of the partners in matters.’

‘Bernardo Cremades Sanz is one of the best arbitrators at the international level.’

‘Bernardo Cremades Román is one of the most prominent international arbitration lawyers. Especially in international and multi-jurisdictional issues.’

Key clients

Blue Bank International & Trust

Inversiones Continental (Panamá)

Compañía de Inversiones Mercantiles (CIMSA)

Teleféricos Doppelmayr Bolivia

Work highlights

  • Represented CIMSA in a dispute that arose out of the breach of a shareholders’ agreement.
  • Acting as counsel in an ICSID dispute against the Republic of Honduras regarding the forced liquidation of Banco Continental.
  • Acting as counsel representing two pharmaceutical corporations owned by dual nationals of Venezuela and Spain; the dispute concerns measures taken by Venezuela against our clients’ properties and assets in the country.

The firm: B. Cremades & Asociados was founded in 1969 by Professor Bernardo M Cremades. Since then, it has consolidated its reputation as a leading firm in international law and, in particular, international commercial and investment arbitration. It has a team of approximately 20 lawyers with a high degree of specialisation in the firm’s strategic areas. All its lawyers enjoy international profiles, allowing the firm to provide advice on both common law and civil law matters. Several of its attorneys are members of the Bar in jurisdictions other than Spain, including jurisdictions within the European Union, the United States and Latin America.

B. Cremades & Asociados is the pioneer of arbitration in Spain (both commercial and investment protection arbitration). Bernardo M. Cremades, the managing partner of the firm, has participated as counsel or arbitrator in more than 370 arbitration proceedings. He is one of the most experienced arbitration practitioners in the world and the undisputed leader in the Spanish-speaking market. Bernardo M. Cremades has been responsible for some of the most significant doctrinal developments in the history of arbitration, including the recognition of the lex mercatoria, the formation of the arbitration agreement under investment protection treaties, and the definition of the term ‘investment’ in international law.

Areas of practice: B. Cremades & Asociados’ principal practice areas are national and international dispute resolution. It also advises on corporate, financial, administrative and tax law.

With regard to the firm’s arbitration practice, its attorneys are thoroughly familiar with the most commonly used arbitration rules. The firm’s lawyers have participated in many significant investor-state arbitrations as counsel, party-appointed arbitrators or presiding arbitrators. No other office in Spain approaches the firm’s level of expertise in this field. The firm also has strong expertise in commercial arbitration relating to various sectors, including energy, oil, gas, natural resources, construction, engineering, pharmaceuticals, transportation, telecommunications, intellectual property, national and international procurement, corporate arbitrations, joint ventures, international sale of goods and distribution contracts.

The firm’s litigation practice also enjoys a world-class reputation. Its clients are both individuals and companies, whether national or foreign, who come to the firm because of its extensive experience in complex litigation. In this regard, the firm handles all types of civil, commercial, tax and contentious-administrative disputes.

The experience of B. Cremades & Asociados in corporate and tax law gives it a unique position in the Spanish market, which is reflected in the firm’s reputation nationally and internationally. Some of the Firm’s attorneys are former auditors and inspectors of the Spanish Tax Authority. The firm’s experience acquired in investment protection arbitrations allows it to design and implement corporate structures which, on one hand, maximise tax efficiency and, on the other, minimise political risk.

Investor-state and international commercial arbitration Bernardo M Cremadesbcremades@bcremades.com+34 914237200
Domestic arbitration and ADR Angel M Tejadaa.tejada@bcremades.com+34 914237200
Corporate finance Javier Rodríguez Santosj.santos@bcremades.com+34 914237200
Corporate finance Belén Nadalb.nadal@bcremades.com+34 914237200
Investor-state and international commercial arbitration Bernardo M Cremades Jr.bcr@bcremades.com+34 914237200
Domestic arbitration and ADR Javier Julianijjuliani@bcremades.com+34 914237200
Investor-state and international commercial arbitration José M López Userosjmlopez@bcremades.com+34 914237200
Mr Rodrigo Cortés Calvo photo Mr Rodrigo Cortés CalvoRodrigo Cortés Calvo’s practice focuses on domestic and international ad hoc and…
Mr Bernardo Cremades photo Mr Bernardo CremadesBernardo M. Cremades is senior partner of the Spanish law firm, B.…
Mr Bernardo M. Cremades Jr. photo Mr Bernardo M. Cremades Jr.Bernardo M. Cremades, Jr., admitted to practice law in Madrid and in…
Mr Javier Juliani photo Mr Javier JulianiJavier Juliani is a partner of B. Cremades y Asociaodos, specialising in…
Mr José M. López Useros photo Mr José M. López UserosJosé M. López Useros actively participates in investment arbitration proceedings and in…
Ms Belén Nadal Jiménez photo Ms Belén Nadal JiménezBelén Nadal is a partner of the firm B. Cremades y Asociados,…
Mr Francisco Javier Rodríguez Santos photo Mr Francisco Javier Rodríguez SantosFrancisco Javier Rodríguez Santos is a Partner of B. Cremades y Asociados…
Mr Ángel M Tejada photo Mr Ángel M TejadaAngel M. Tejada works in the arbitration and litigation group of B.…
Number of lawyers : 20


Since its establishment in 1969, B. Cremades & Asociados has been committed to maintaining a high level of diversity among its workforce. It is through B. Cremades & Asociados’ diversity of culture and backgrounds that it is able to offer its clients a highly specialized and developed practice in areas of international law. The firm is comprised of a large mix of nationalities and languages with legal training from a multitude of both common law and civil law jurisdictions. The maintaining of B. Cremades & Asociados’ strong commitment to cultural diversity allows the firm’s teams to work together in a highly creative, collaborative, and innovative environment, where diversity of opinion is encouraged rather than repressed. The firm’s differences in background, language, perspectives and training fortifies the firm’s strong values and ensures the provision of a tailored service to meet and exceed clients’ needs. B. Cremades & Asociados is focused on ensuring the continuity of its diversity and making it a larger part of our future growth.

Pro Bono / Community

B. Cremades & Asociados maintains a strong record of working in and seeking to serve the needs of the community at large. The firm has taken on a number of pro bono cases including, more recently, advocating for the return to its rightful owner of artwork stolen by the Nazis during the Holocaust. The firm’s commitment to exercising a social conscience is evidenced by the numerous cases in which the firm has been involved in over the course of its long and rich history.

The firm is further devoted to ensuring the passing on of its knowledge and expertise to the next generation of lawyers. A number of the firm’s partners are regularly engaged and volunteer with universities and law student groups in discussing the development of exciting and pressing legal issues. The firm expends its time and resources both at home and abroad in furthering the development of the law and ensuring that these conversations take place in an open and inclusive environment.