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Banreal Holding, S.L. (España) c. República Bolivariana de Venezuela

Case information

Name(s) of Claimant(s) Banreal Holding, S.L. (Private entity )
Name(s) of Respondent(s) Bolivarian Republic of Venezuela (State)
Names of Parties -
Case number 2023-32
Administering institution Permanent Court of Arbitration (PCA)
Case status Pending
Type of case Investment arbitration
Subject matter or economic sector Financial and insurance
Procedural rules UNCITRAL Arbitration Rules 1976
Treaty or contract under which proceedings were commenced

Bilateral treaty
Agreement between the Kingdom of Spain and the Republic of Venezuela on the Reciprocal Promotion and Protection of Investments
Country A: Spain
Country B: Venezuela
Language of Proceeding Spanish
Seat of Arbitration (by Country) France
Arbitrator(s), Conciliator(s), Other Neutral(s)

Sabina Sacco (Presiding Arbitrator)
Franz Stirnimann Fuentes
Carlos Arrue Montenegro
Representatives of the Claimant(s)

Bernardo M. Cremades, Jr.
Sandra Cajal Martín
Paloma Carrasco García Pablo Marrodán Lázaro
Beatriz Franc Miñana
B. Cremades & Asociados, S.L.


Hernando Díaz-Candia
Ramón A. Azpúrua Núñez
WDA Legal, S.C.
Representatives of the Respondent(s)

Reinaldo Muñoz Pedroza
Henry Rodríguez Facchinetti
Procuraduría General de la República Bolivariana de Venezuela


Alfredo De Jesús S.
De Jesús & De Jesús, S.A.


Alfredo de Jesús O.
Déborah Alessandrini
Erika Fernández Lozada
Pablo Parrilla
Nicolás E. Bianchi
Eloisa Falcón López
Marie-Thérèse Hervella
Alfredo De Jesús O. – Transnational Arbitration & Litigation
Representatives of the Parties
Number of Arbitrators in case 3
Date of commencement of proceeding 2023
Date of issue of final award -
Length of Proceedings -
Additional notes -