Leading Associates

Banking and finance in Honduras

Aguilar Castillo Love

Aguilar Castillo Love continues to demonstrate a strong presence in the Honduran banking and finance market, advising on both domestic and cross-border transactions for an international client base that includes financial institutions, lenders and corporates. The firm is well regarded for its ability to support clients on complex secured lending deals and project finance mandates, as well as on financial regulatory issues. The team is also active in fintech matters, particularly the expansion of digital payment services across Central America. Practice heads Enrique Rodríguez Burchard and Juan José Alcerro Milla are experienced in a broad range of financing transactions, including those involving complex collateral structures and syndicated lending. Carolina Aguirre Larios and Victor Alejandro Martínez continue to play key roles in mandates involving the energy and infrastructure sectors, while associate Ondina María Santos provides additional support across transactional and regulatory work.

Responsables de la pratique:

Enrique Rodríguez Burchard; Juan José Alcerro Milla


Principaux clients

Banco Financiera Comercial Hondureña, S.A. (Banco Ficohsa)


ITG3 Sarl


WaterEquity


Caban Systems


Root Capital


Principaux dossiers


  • Advised Banco Ficohsa on the $112m financing of Project MetroSula, which will provide bus transportation services in San Pedro Sula, the second largest city of the country.
  • Advised ITG3 on a revolving credit facility granted by a syndicate of international banks, worth $525m.
  • Assisted Caban Systems with a refinancing which allowed it to expand its operations in Honduras.

Arias

Arias maintains a prominent position in Honduras’ banking and finance landscape, particularly noted for its cross-border capabilities and regional coordination across Central America. The firm is a trusted adviser to a broad mix of international banks, development finance institutions and insurers, and is regularly sought after for its expertise in syndicated lending, project and acquisition finance, and regulatory advisory work. The key names at top level are Evangelina Lardizábal, who brings to the table extensive experience of advising major foreign lenders and insurers on local transactions, and Mario Agüero, whose work spans multi-jurisdictional financings in highly regulated sectors such as energy and telecoms. Senior associate Rodolfo Salgado, who was promoted in early 2025, continues to develop a growing profile in transactional and regulatory mandates, including fintech-related matters.

Responsables de la pratique:

Evangelina Lardizábal


Principaux dossiers


Consortium Legal

Consortium Legal continues to be a key player in the Honduran banking and finance market, with a practice that spans both transactional and regulatory matters. The firm remains a trusted adviser to local banks and subsidiaries of international financial institutions, and frequently provides counsel on cross-border transactions, including on the implications of foreign financings under local law. The group also stands out for its work in financial regulation and fintech, regularly assisting with compliance issues and contact with the Central Bank and other supervisory bodies. The practice is jointly led by a team of seasoned practitioners: José Ramón Paz Morales, who has strong credentials in fintech and regulatory filings; José Ramón Paz Padilla, noted for his longstanding expertise in multi-jurisdictional financings; José Rafael Rivera, who handles a broad range of corporate finance matters; and Gustavo León-Gómez. At junior level, senior associate Karla Andino and associate José Manuel Hernández are both active in advising on innovative financing structures and the regulatory aspects of emerging financial services.

Responsables de la pratique:

​​José Ramón Paz Morales;​ ​​Gustavo León-Gómez;​ ​​José Rafael Rivera;​ ​​José Ramón Paz Padilla​


Les références

‘Outstanding service! Very professional and responsive. Their team demonstrates deep expertise.’

Principaux clients

​​Banco de Honduras (Citi Bank NY Subsidiary)​ ​​


Banco Lafise​


Principaux dossiers


Alta Melara & Asociados

Alta Melara & Asociados‘ banking and finance team combines robust experience in the domestic market with the support of offices in Guatemala, El Salvador and Costa Rica to advise on a broad mix of transactional and regulatory matters. The firm is particularly skilled in advising leading local banks on M&A and regulatory issues relating to their operations in Honduras, and also shines in the fintech sphere, acting on pioneering matters for digital lenders, online payment platforms and mobile wallets. Óscar Melara, the managing partner of the Honduras office, leads the practice, while Melissa Pastrana, who was promoted to partner in January 2025, is also noted, especially for fintech matters.

Responsables de la pratique:

Oscar Melara


Les références

‘What makes this firm unique is its unwavering commitment to providing timely, comprehensive, and highly professional legal support. In our experience, the firm stands out for its in-depth knowledge of both local and regional legal frameworks. We especially value that the team is always available, proactive, and efficient, ensuring that no legal inquiry remains unanswered for long.’

‘Compared to other firms, their responsiveness and client-focused approach are truly exceptional. They take the time to truly understand the specific needs of each case and offer tailored advice rather than generic responses. Their collaborative culture where attorneys from different specialties work together to address matters comprehensively significantly enhances the quality of service they provide.’

‘The individuals we work with consistently demonstrate not only legal expertise but also genuine dedication and a strong sense of responsibility. They are approachable, meticulous, and clear in their explanations – qualities that have earned our full trust in every interaction. In particular, both partners and associates stand out for their professionalism and strong commitment to resolving matters promptly and carefully. Their clear communication, consistent availability, and strategic mindset have made them our go-to firm in Honduras.’

Principaux clients

Millicom: Tigo Money Honduras


Banco de Desarrollo Rural (Banrural) Honduras


Banco Azteca


Banco Cuscatlán Honduras, S.A.


Procesadora de Tarjetas de Crédito (PTC)


Pagadito Honduras


VANA


Paggo Technologies


Principaux dossiers


  • Advised Banco Cuscatlán Honduras on various regulatory processes and issues in order to start up operations in Honduras.
  • Advising VANA, a Guatemalan company which, through its subsidiary company, is implementing in Honduras a digital financial product which offers loans with an evaluation system using alternative data via an app.

Lexincorp

Lexincorp‘s banking and finance team remains active in advising both regional financial institutions and international lenders on their operations in Honduras. The practice routinely handles regulatory authorisations, credit structuring and due diligence in connection with cross-border financings and local acquisitions. It is also well equipped to advise on project finance, reflecting the firm’s strong focus on infrastructure, energy and telecoms matters. Engels Zelaya, who brings to bear extensive experience in the public and energy sectors, leads the team alongside Nora Amaya. Office managing partner Benito Zelaya continues to play a supporting role in major mandates. The firm saw a number of new faces join in January 2025, including associate Tannia Castro, previously a freelance adviser, who is well versed in tax and banking law.

Responsables de la pratique:

Nora Amaya; Engels Zelaya


Les références

‘Lexincorp is an excellent firm in Honduras. The team is very professional and always available to assist with in the requirements we have in that country.’

‘We work with Benito Zelaya and Nora Amaya. Both are excellent lawyers with thorough knowledge of legal provisions in Honduras. They have a great availability to help us with drafting and reviewing documents of credit transactions we do in the country.’

Principaux clients

Blue Orchard


Principaux dossiers


  • Assisting Blue Orchid investment fund in navigating complex financial transactions associated with its expansion initiatives.
  • Advising Multibank on the structuring of its credit operations.