IFLR1000

Honduras

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IFLR1000 Reviews

Financial and corporate
Arias

Founded in El Salvador, Arias has since expanded and added locations throughout Central America. The firm currently has offices in Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica and Panama. The Honduras office opened in 2002 and has two locations, in Tegucigalpa and San Pedro Sula. Evangelina Lardizábal is the managing partner of the firm’s Honduras offices. As far as legal networks, the firm is a member of IBA, World Law Group and PRAC.  
 

Highlights  

Over the research period, the firm was active in project financing. In one example, it was local counsel on a cross-border project financing via a syndicated term loan facility designated to ENERGY INFRASTRUCTURE HONDURAS. The firm advised Natixis as creditor in this transaction.  

The firm also advised Inter-American Investment Corporation as lender in relation to a loan granted to CMI Alimentos. The firm was lead counsel on this cross-border financing.  

 

Key clients  

Finca Microfinance Holding Company, Inter-American Investment Corporation and Natixis 

 

Testimonials 

“We like the quality of the services and team experience.” (Banking client) 

Consortium Legal

Full service Central American firm Consortium Legal has offices in Guatemala, El Salvador, Honduras, Nicaragua and Costa Rica. The Honduran branch has two offices, in Tegucigalpa and San Pedro Sula. In the financial and corporate practice area, the firm advises local and international clients across all industries on M&A matters. It also regularly works on capital markets transactions including capital increases, bond issuances and investment fund matters. In the project development practice area, it represents developers and sponsors in a wide array of industries, especially construction.  

 

Highlights  

The firm’s M&A practice was especially active, advising on complex transactions like the cross-border sale of a subsidiary of Ontex, a public company listed on Euronext Brussels. The subsidiary is in Mexico, and the firm provided counsel on the unique antitrust compliance matters related to the acquisition. The firm provided similar antitrust related counsel to its client Cargill.  

The firm’s corporate work is also exemplary. It is currently advising Millicom regarding its structural reorganization that also requires regulatory approvals.  

 

Key clients  

Millicom, Cargill and ONTEX are a few of the firm’s key clients.  

 

Testimonials 

“The professionalism, the explanations given, the quality of the document. Overall an outstanding service, especially from José Ramón Paz Morales.” (Financial services regulatory client) 

Mayora & Mayora

Mayora & Mayora is a Central American law firm with four offices in Guatemala, El Salvador and Honduras (Tegucigalpa and San Pedro Sula). It was founded in Guatemala City in 1966 and has 35 employees across its offices. The firm advises on a variety of corporate matters including project finance and development with a focus on construction and real estate. Its deals are both domestic and cross-border.  It has prominent industry expertise in real estate, energy, construction, pharmaceuticals, aviation, technology, agriculture and more. 
 
 

Highlights  

The firm’s corporate work over the research period includes advising Safeway Maritime Transportation Company in the estate planning of the family-owned business.  

The firm’s banking and finance work involved advising Latam Hotel Corporation on its corporate, commercial and banking matters. These matters have international components that the firm counsels the clients on.  

 

Key clients  

Some of the firm’s key clients include Coats Honduras, Asheboro Elastics Corporation, Latam Hotel Corporation and Galeas Arquitectos. 

BLP

BLP is a Costa Rican firm that was founded in 2003. It has a large regional footprint with offices in Guatemala, El Salvador, Nicaragua, Spain and Honduras. The Honduras practice has two offices in Tegucigalpa and San Pedro Sula.  

 

Focusses / specialisms

The firm often assists on cross-border deals. It has expertise in banking, project development and M&A. 

The financial and corporate team has worked on several prominent energy projects, including on the financing, planning and regulatory compliance for those projects.

 

Key clients

Key clients include Uber Eats, PROPARCO, Energy CELSIA, Nordex SE, American Airlines and Delta Airlines. 

 

Client feedback: 31st edition (2020/2021)

M&A

"Efficiency, knowledge of market and country sector, good professional team, cost."

"Responsible. Communicative. Great advisers in all the different options. Confidentiality."

 "Fast and speedy response, quality services, client-oriented advice."

 

Restructuring: Corporate

"Adequate legal advice and management."

García & Bodán

García & Bodán is a Central American firm with offices in Costa Rica, Nicaragua, Honduras, El Salvador and Guatemala. Its first Honduras office opened in 2004 in Tegucigalpa, and it expanded to San Pedro Sula in 2007. The firm has expertise in sovereign bond issues as well as lending (acquisition financing and syndicated loans). They specialize in energy and infrastructure, advising on both domestic and cross-border transactions. The firm is especially active in the energy, infrastructure and insurance industries.  
   

Key clients  

A few of the firm’s few clients include Cargill, United Alliances and Inversiones Centroamericanas.

Gufa Law

Gutiérrez Falla & Asociados (Gufa) is a Honduran firm with over 40 years of experience. The firm’s office is found in Tegucigalpa.  

 

Focusses/specialisms 

The firm is involved in M&A at both the local and international scale and is also active in project development. The team boasts specialized expertise in mining, as well as in energy, manufacturing, pharmaceuticals, technology and transportation.  

 

Key clients 

Among the firm’s key clients are Remote Technologies and Roche Pharma.  

Gutiérrez Falla & Asociados (Gufa Law)

Gutiérrez Falla & Asociados is a Honduran firm in Tegucigalpa with over 40 years of experience.

 

Focusses / specialisms

The firm has expertise in the food and beverages, pharmaceuticals and mining industries. It advises on mining projects in the region as well as local and international M&A deals.

 

Key clients

Key clients include Electrum, Puma Energy, Bank of America and CaribX.

 

Client feedback: 31st edition (2020/2021)

Banking and finance

"Always accessible, very professional and knowledgeable."

 

M&A

"Knowledgeable about Honduran law and well connected within country. Very responsive, reliable and professional."

"Guidance regarding M&A issues in Honduras as well as leading the effort for due diligence for us as the seller."

"Their due diligence was thorough and detailed, they showed knowledge and asserted input in every aspect being reviewed. The result was a complete document showing all the information needed to proceed with the M&A."

 

PPP/PFI

"Very knowledgeable about Honduran law, very pragmatic and resourceful, above and beyond the 'call of duty'; politically astute."

"GUFA attorneys Mauricio Villeda Sr, Mauricio Villeda Jr and Javier Lopez were instrumental in assisting us with the bid process, contract negotiations, and creation of local subsidiary; not only for their knowledge of the law but also by being available to us 24/7. They are excellent professionals."

Lexincorp

Lexincorp is a Central American law firm with offices in Guatemala, El Salvador, Honduras, Nicaragua and Costa Rica.

 

Focusses / specialisms

The firm advises on a variety of corporate matters from its Guatemala City office.

Ulloa & Asociados

Ulloa & Asociados founded in 2002, based in San Pedro Sula and features an additional Tegucigalpa office.  

 

Focusses/specialisms 

The firm is active in the corporate and regulatory spheres. 

 

Key clients  

Among the firm’s key clients are Agroindustrial El Calan, Alcance Integral de Honduras, Dickies de Honduras and VF Servicios de Honduras.