Honduras

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. 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: 32nd edition (2021/2022) 

During the research period, the firm was active in financial and corporate and project development. 

In financial and corporate, the firm advised lenders, buyers, a seller and a merger party in various transactions across industries including construction and financial services. The firm focused on high profile, domestic acquisitions and securitizations. 

The project development team worked almost exclusively with domestic clients involved in mining concessions. The firm also advised on other infrastructure projects including a textile mill. 

  

Deal highlights: 32nd edition (2021/2022) 

Corporación Multi Inversiones $75 million financing 

Traton $3.6 billion acquisition of Navistar International Corporation 

Webhelp $575 million acquisition of OneLink 

 

Client feedback: 32nd edition (2021/2022) 

Asset finance 

“Efficient and excellent attention to the client.” 

 

Mario Agüero 

“Excellent legal advisor, fast and efficient.” 

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. 

  

Focusses / specialisms 

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. 

The firm also does work in the project development practice area, representing developers and sponsors in a wide array of industries, especially construction. 

  

Key clients 

Key clients for the firm include Financiera Credi Q, Banco de Honduras, Avance Ingenieros Group and Confianza. 

 

Research period review: 32nd edition (2021/2022) 

Over the research period, the firm was active in banking. 

The banking team worked as counsel for clients engaging in asset acquisitions and bond refinancing. 

 

Deal highlights: 32nd edition (2021/2022) 

Citibank $3 million office space acquisition 

Citigroup Global Markets/JP Morgan $380 million bond buyback 

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. 

  

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. 

  

Key clients 

Key clients include Aeroméxico, Payless ShoeSource and United Airlines. 

  

Research period review: 32nd edition (2021/2022) 

Over the research period, the firm was active in financial and corporate practice. 

The financial and corporate team participated in innovative, cross-border transactions including the first Honduran financial restructuring under a PPP. The firm also advised buyers in acquisitions and other clients in license renewals and complex securitizations. 

  

Deal highlights: 32ndedition (2021/2022) 

Grupo GIA $184 million financial restructuring 

 

Client feedback: 32nd edition (2021/2022) 

Banking and finance 

“Responsibility, monitoring of procedures, communications and availability at all times.” 

 

Private equity 

"Responsible, experienced, formal, efficient, effective." 

 

Jazna Vanessa Oqueli de Riera 

"Professional, effectiveness, knowledge, responsible." 

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. 

  

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: 32nd edition (2021/2022) 

Over the research period, the firm was active in financial and corporate practice. 

The firm was exceptionally active in the real estate industry, advising developers of various commercial infrastructure projects. The firm also completed several due diligence requests for multiple clients.  

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."

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

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.