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BERNARDO M. CREMADES Partner NATIONALITY: SPANISH ADDRESS: B.CREMADES Y ASOCIADOS GOYA, 18, 28001 (MADRID) TLF: (+34) 91 423 72 00 FX: (+34) 91 576 97 74 E-Mail: bcremades@bcremades.com AREAS OF PRACTICE Investor-State arbitration International commercial arbitration International dispute resolution Public and private international law Protection of foreign investment International commercial law Bernardo M. Cremades is senior partner of the Spanish law firm B. Cremades y Asociados and Catedrático of Universidad de Madrid. Bernardo M. Cremades practice is focused on international commercial arbitration and transnational investment disputes. He has acted as counsel, party-appointed arbitrator and president of arbitral tribunals in more than 330 arbitrations. His professional experience in the field of arbitration includes acting in proceedings under the auspices of all major international arbitration institutions, including the ICC, ICSID, AAA, CRCICA or LCIA as well as ad hoc arbitrations. He has particular experience in disputes relating to infrastructure, energy, and the regulation of foreign investment. Bernardo M. Cremades is actively involved in DABs (Dispute Adjudication Boards) as an alternative means of dispute resolution in the construction field. In particular, he chairs a DAB regarding the construction of Barwa City, a substantial city construction project in the outskirts of Doha, Qatar. Bernardo M. Cremades is the leading Spanish international arbitration practitioner ( number one practitioner in Spain for commercial arbitration legal expertise and one of the top names in the industry, Who s Who legal). His international recognition includes Germany s distinguished Verdienstkreuz award, and the French distinction of Chevalier de l Ordre National du Mérite. In Spain, he has been awarded the Isabella the Catholic Cross, the Order of Civil Merit and the Grand Cross of the Order of San Raimundo de Peñafort for his contribution to the development of arbitration. Bernardo M. Cremades is a member of many professional and international arbitration associations and institutions, and is a frequent speaker at conferences around the world. 1

ADMISSIONS 1969, Madrid 1986, Paris 1986, Brussels EDUCATION Universidad de Sevilla. Law Degree, 1965 Universität Köln. PhD, 1967 Universidad de Sevilla. PhD (cum laude), 1968 Fulbright Scholar, 1972 LANGUAGES Bernardo M. Cremades is fluent in Spanish, French, English and German PROFESSIONAL ASSOCIATIONS Former President of the Spanish Court of Arbitration Member of the International Council of Commercial Arbitration (ICCA) Member of the Institute of World Business Law of the ICC Member of the Spanish Arbitration Club Member of CPR Institute for Dispute Resolution Member of the Association Suisse de l Arbitrage Fellow, Chartered Institute of Arbitrators Member of the International Arbitration Club Member of DIS (Deutsche Institution für Schiedsgerichtsbarkeit) Co-President Foro Hispano-Alemán (Madrid) Member and former Vice President of the London Court of International Arbitration Former President of the Arbitration Committee of the International Bar Association 2

REPRESENTATIVE ARBITRATION EXPERIENCE Bernardo M. Cremades has participated in more than 330 arbitrations. A representative selection of his recent cases includes the following: As Chairman of the Arbitral Tribunal or Sole Arbitrator OOO Amto v. The Republic of Ukraine (SCC Arbitration V (080/2005) Archer Daniels Midland Company and Tate & Lyle Ingredients Americas, Inc. v. United Mexican States (ICSID Case No. ARB(AF)/04/5) Waste Management, Inc. v. United Mexican States (ICSID Case No. ARB(AF)/98/2) Société d'exploitation des Mines d'or de Sadiola S.A. v. Republic of Mali (ICSID Case No. ARB/01/5) Mr. Franck Charles Arif v. Republic of Moldova (ICSID Case No. ARB/11/23) RSM Corporation Production v. Central African Republic (ICSID Case No. ARB/07/02) Pan American Energy LLV v. Bolivia (ICSID Case No. ARB/10/8) ICC arbitration case involving major American and Mexican copper mining companies ICC construction arbitration between French and Brazilian partners ICC arbitration between Spanish and American companies involving military equipment ICC arbitration involving an international pharmaceutical distributorship agreement ICC arbitration case involving a construction and engineering dispute between an international consortium and a state owned Central American oil company ICC arbitration case involving a European engineering subcontractor and US contractor concerning the construction of an oil platform ICC arbitration involving the design of a waste water plant pursuant to the FIDIC Yellow Book and Romanian law CRCICA investor-state arbitration involving a European construction company and a Middle East country over an infrastructure concession Mining concession dispute under the UNCITRAL Arbitration Rules Arbitration involving a hotel purchase contract in an African country under the AAA International Rules Energy sector dispute arising from privatisation, pursuant to the Rules of the Arbitration Court attached to the Hungarian Chamber of Commerce International distribution contracts in the liquor sector pursuant to the ICC and AAA Rules Case administered by the Comité Olimpico Español involving a dispute between several Spanish football teams concerning broadcasting television rights 3

As Party-Appointed Arbitrator Fraport AG Frankfurt Airport Services Worldwide v. Republic of the Philippines (ICSID Case No. ARB/03/25) Société Générale in Respect of DR Energy Holdings Ltd. and Empresa Distribuidora de Electricidad del Este, S.A. v. The Dominican Republic (UNCITRAL, LCIA Case No. UN 7927) Noble Energy Inc. and Machala Power Cía. Ltd v. Republic of Ecuador and Consejo Nacional de Electricidad (ICSID Case No. ARB/05/12) Marion Unglaube v. Republic of Costa Rica (ICSID Case No. ARB/08/1) Quadrant Pacific Growth Fund L.P. and Canasco Holdings Inc. v. Republic of Costa Rica (ICSID Case No. ARB(AF)/08/1) Gustav F W Hamester Gmbh & Co KG v. Republic of Ghana (ICSID Case No. ARB07/24) Consortium R.F.C.C. v. Kingdom of Morocco (ICSID Case No. ARB/00/6) Société d'exploitation des Mines d'or de Sadiola S.A. v. Republic of Mali (ICSID Case No. ARB/01/5) Impregilo S.p.A. v. Islamic Republic of Pakistan (ICSID Case No. ARB/03/3) Salini Costruttori S.p.A. and Italstrade S.p.A. v. The Hashemite Kingdom of Jordan (ICSID Case No. ARB/02/13) Salini Costruttori S.p.A. and Italstrade S.p.A. v. Kingdom of Morocco (ICSID Case No. ARB/00/4) Lucchetti S.A. and Lucchetti Peru, S.A. v. Republic of Peru (ICSID Case No. ARB/03/4) ICC investor-state arbitration between a Spanish commodities producer and an Eastern European Country ICC arbitration case involving a construction dispute between an international consortium and a state owned Central American oil company Ad hoc arbitration of a pharmaceutical licensing dispute, including issues of patent validity (CPR) Insurance arbitration pursuant to the LCIA Rules Arbitration pursuant to the Dubai International Arbitration Centre Rules regarding a contract for the sale and purchase of real estate 4

As Counsel Elsamex, S.A. v. Republic of Honduras (ICSID Case No. ARB/09/4) Compañía de Aguas del Aconquija S.A. and Vivendi Universal v. Argentine Republic (ICSID Case No. ARB/97/3)) Ad hoc arbitrations in Spain relating to gas supply contracts ICC arbitration between prominent French and Spanish telecommunications companies ICC arbitration involving the Colombian state owned railway enterprise against an American company Ad hoc arbitration involving a Spanish engineering company against a Middle East state owned oil company Multiple heavy plant construction disputes under the ICC Rules, involving construction contracts in Europe and the Middle East Dispute relating to international sale of goods and bank guarantees under the ICC Rules Intellectual property dispute arising from a distribution contract involving Spanish and U.S. parties As Chairman of Dispute Adjudication Boards Chairman of a DAB under the FIDIC Red Book in relation to a substantial construction project in Qatar 5

PUBLICATIONS Bernardo M. Cremades is author of numerous publications in Spanish, English and French. His publications in English include the following: Books Business Law in Spain (General Editor), Butterworths, 1992 Arbitration in Spain, Butterworths, 1991 Litigating in Spain: considerations for foreign practitioners, including judicial assistance, enforcement of foreign judgments, bankruptcy, arbitration and other civil proceedings, Kluwer Law, 1989 Articles Arbitration under the ECT and other Investment Protection Treaties: Parallel Arbitration Tribunals and Awards, in Investment Arbitration and the Energy Charter Treaty (2006) The Resurgence of the Calvo Doctrine in Latin America, Business Law International, vol. 7, No. 1 (2006) Corruption and Investment Arbitration, in Global Reflections on International Law, Commerce and Dispute Resolution, Liber Amicorum in honour of Robert Briner, ICC Publication 203 (2005) Contract and Treaty Claims and Choice of Forum in Foreign Investment Disputes, Parallel State and Arbitral Procedures in International Arbitration. Dossiers 13 (ICC Institute of World Business Law, July 2005) The Arbitral Award, in The Leading Arbitrator s Guide to International Arbitration 397 (2004) Transnational Public Policy in International Arbitral Decision-Making: the Cases of Bribery, Money Laundering and Fraud, Money Laundering, Corruption and Fraud. Dossiers 65 (ICC Institute of World Business Law, September 2003) Managing Discovery in International Arbitration, Dispute Resolution Journal 73 (November 2002-January 2003) Clarifying the Relationship Between Contract and Treaty Claims in Investor State Arbitration, 3 Business Law International 207 (2003) The Brave New World of Global Arbitration, The Journal of World Investment 173 (March 2002) (available at http://www.cremades.com/publi.htm) Overcoming the Clash of Legal Cultures: The Role of Interactive Arbitration, 14 Arbitration International164 (1998) 6