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

B. Cremades & Asociados
28001 MADRID

Spain > Dispute resolution Tier 3

B. Cremades & Asociados is renowned in the market for its arbitration practice, covering complex commercial and investor-state arbitration. Its highly experienced lawyers are well versed in arbitration under various rules and arbitral organisations, including ICSID, ICC, the Madrid Court of Arbitration (CAM) and the London Court of International Arbitration (LCIA). It also increasingly acts as co-counsel alongside lawyers from other jurisdictions, particularly in cases concerning Latin American and other European countries. Bernardo Cremades, a founding member of the Spanish Arbitration Club, is vastly experienced in institutional and ad hoc arbitration and is also active in Dispute Adjudication Boards in construction matters. Bernardo M. Cremades Jr., who is qualified in both Spain and New York, co-manages the firm alongside his father. Ángel Tejada is another name to note both in arbitration and litigious matters connected to arbitration, and Javier Juliani Aznar, who also acts as an arbitrator, is another key member of the team.

Practice head(s):

Bernardo Cremades; Bernardo M. Cremades Jr.

Other key lawyers:

Ángel Tejada; Javier Juliani Aznar; José María López Useros; Sandra Cajal Martín; Rodrigo Cortés Calvo; Paloma Carrasco García; Patrick Byrne

Key clients

Inversiones Continental (Panamá), S.A.

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

Hidroeléctrica San Lorenzo, S.A.

Comercializadora Mediterránea de Viviendas, S.L.

Multiple expropriated shareholders

Comunidad Judía de Madrid & Federación de Comunidades Judías de España

Cruz Holdings Limited

Work highlights

  • Representing Compañía de Inversiones Mercantiles in a dispute that arose out of the breach of a shareholders’ agreement.
  • Acting as counsel for Inversiones Continental (Panamá) in an ICSID dispute against the Republic of Honduras regarding the forced liquidation of Banco Continental.
  • Acting as counsel for Raimundo J. Santamarta Devis regarding two pharmaceutical corporations owned by dual nationals of Venezuela and Spain.

Latin America: International firms > International arbitration Tier 5

B. Cremades & Asociados is a pioneer in the Spanish market in the international arbitration field. It has decades of experience in investor-state arbitration thanks to hugely experienced founding partner Bernardo Cremades. The Madrid-based firm represents an impressive variety of Spanish and Latin American businesses primarily in commercial arbitrations (a segment where it is very much to the fore) as well as handling high-value construction disputes. Energy, oil and gas, and infrastructure cases are also a forte for the team. Bernardo Cremades Jr is another prominent figure who now leads the majority of the firm’s Latin America-related cases. Ángel Tejada and José López Useros  provide further senior-level support.

Practice head(s):

Bernardo Cremades; Bernardo Cremades Jr

Key clients

Inversiones Continental (Panamá)

Compañía de Inversiones Mercantiles (CIMSA)

Mr. Raimundo Santamarta Devis

Hidroeléctrica San Lorenzo

Comercializadora Mediterránea de Viviendas

Dunor Energía

Work highlights

  • Represented Compañía de Inversiones Mercantiles (CIMSA) in a dispute arising from the breach of a shareholders’ agreement.
  • Acted as counsel for Inversiones Continental (Panamá)  in an ICSID dispute against the Republic of Honduras regarding the forced liquidation of Banco Continental.
  • Acted as counsel for Raimundo Santamarta Devis, a dual national of Venezuela and Spain, and the owner of two pharmaceutical corporations, concerning measures taken by authorities of Venezuela against the client’s properties and assets.

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 400 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.

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 law gives it a unique position in the Spanish market, which is reflected in the firm’s reputation nationally and internationally. 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.

Department Name Email Telephone
Investor-state and international commercial arbitration Bernardo M Cremades bcremades@bcremades.com +34 914237200
Domestic arbitration and ADR Angel M Tejada a.tejada@bcremades.com +34 914237200
Investor-state and international commercial arbitration Bernardo M Cremades Jr. bcr@bcremades.com +34 914237200
Domestic arbitration and ADR Javier Juliani jjuliani@bcremades.com +34 914237200
Investor-state and international commercial arbitration José M López Useros jmlopez@bcremades.com +34 914237200
Investor-state and international commercial arbitration Patrick T. Byrne p.byrne@bcremades.com +34 914237200
Photo Name Position Profile
Patrick T.  Byrne photo Mr Patrick T. Byrne Mr. Byrne, a dual citizen of the United States and the Republic…
Rodrigo Cortés Calvo photo Mr Rodrigo Cortés Calvo Rodrigo Cortés Calvo’s practice focuses on domestic and international ad hoc and…
Bernardo Cremades photo Mr Bernardo Cremades Bernardo M. Cremades is senior partner of the Spanish law firm, B.…
Bernardo M. Cremades Jr. photo Mr Bernardo M. Cremades Jr. Bernardo M. Cremades, Jr., admitted to practice law in Madrid and in…
Javier Juliani photo Mr Javier Juliani Javier Juliani is a partner of B. Cremades y Asociaodos, specialising in…
José M. López Useros photo Mr José M. López Useros José M. López Useros actively participates in investment arbitration proceedings and in…
Ángel M Tejada photo Mr Ángel M Tejada Angel 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.