Honduras

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.  
   
Focusses / specialisms  
The firm works across the financial and corporate and project development practice areas. It represents both strategic buyers and sellers in acquisition matters, as well as lenders in banking matters including credit facilities, loan agreements and project financing. The team has experience working across a variety of industries.   
   
Key clients  
Arias maintains strong relationships with key clients including Azimuth Group, Cooke Seafood, JP Morgan Chase Bank, IDB Invest and Tegra.  
   
Research period review: 33rd edition (2022/2023)  
During the research period, the firm was active in financial and corporate and project development.  
In financial and corporate, the firm worked on banking transactions. Banking deals include acting for lenders in financing agreements. 
The project development team worked with project companies on forestry projects. It also worked on mining and renewable energy projects in the secondary market. 
    
Client feedback: 33rd edition (2022/2023)  
Financial services regulatory 
“Arias always responds in a quick manner and does an impeccable job.” 
 
M&A 
“Proactive, resolution oriented, corporate law perspectives.” 
 
Project development: Energy 
“Focused and clear advice.” 

Mario Agüero 
“Clear communicator, sound knowledge.” 
“Excellent service, educated, agile.” 
 
Evangelina Lardizábal 
“Proactive, resolution oriented, corporate law perspectives.” 

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.  
   
Focusses / specialisms  
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  
Key clients include Aeroméxico, Payless ShoeSource and United Airlines.  
   
Research period review: 33rd edition (2021/2022)  
Throughout the research period, the team largely worked on M&A transactions, representing sellers and acquirers in acquisitions. Many of its deals were in the technology and telecommunications industry. 
    
Client feedback: 33rd edition (2022/2023)  
M&A 
“Expertise in different areas, following up on different affairs and excellent service.” 
 
PPP/PFI 
“They were constant and provided information on all questions that arose, willing to attend urgent meetings with general management.” 
 
Gabriella Aguirre 
“Her capacity to interpret and analyze. Her habit of listening and responding to our doubts about the processes. Strong sense of urgency.” 
 
Vanessa Oqueli 
“Excellent service, expertise in different areas. Great project management and communication skills.” 
 
Astrid Villeda 
“Excellent follow up of different matters; does a detailed and meticulous job.” 

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.  
   
Focusses / specialisms  
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.  
   
Key clients  
Key clients include Hyatt Hotels, Avianca, Hermes, Melt and Publicidad Comercial.  
  
Research period review: 33rd edition (2022/2023)  
Over the research period, the firm was active in the financial and corporate practice as well as project development. In financial and corporate, the team advised clients in restructurings as well as a few acquisitions, mergers and joint ventures. 
In project development, the team was active in the real estate industry, advising developers of various commercial infrastructure projects. The firm also completed several due diligence requests for multiple clients as well as transactions in the secondary market. 
 
Client feedback: 33rd edition (2022/2023) 
Financial services regulatory 
“Strong knowledge on the theme and corporate support.” 
 
Restructuring: Corporate 
“They are great at finding solutions, solving problems.” 
 
Pedro Canales 
“Commitment to their customers and focus on solutions.”