B. Cremades y Asociados was the first specialist arbitration practice in Spain as well as the first Spanish firm to participate in investor-State arbitration. The firm’s founder is associated with many milestones in the development of commercial and investment 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. The firm enjoys national and international prestige as counsel. In this regard, we have strong expertise in commercial and investor-State arbitrations relating to various sectors, including energy, oil, gas, natural resources, construction, engineering, pharmaceuticals, transportation, telecommunications, intellectual property, sport, corporate governance, capital markets, joint ventures, international sale of goods and distribution contracts. We also have experience in disputes involving FIDIC construction contracts.