Next Generation Partners

Leading Associates

Firms To Watch: Corporate and M&A

The Honduras office of Lex Atlas is overseen by Ricardo Duarte, who brings to bear extensive experience of advising major companies on M&A, corporate governance and distribution law.

Corporate and M&A in Honduras

Aguilar Castillo Love

Cross-border transactions remain a core strength of Aguilar Castillo Love‘s corporate practice, which frequently advises international clients on inbound investments and local companies on expansion strategies. In addition to drawing on the firm’s regional network to assist with multi-jurisdictional mandates, the team has robust experience in domestic matters, with a broad offering that covers M&A, asset purchases and shareholders’ agreements, and commercial contracts. The team has notable expertise in a range of sectors, particularly energy and fintech. Enrique Rodríguez Burchard and Juan José Alcerro Milla co-lead the practice from Tegucigalpa; the latter also handles competition law mandates. Fellow partners Carolina Aguirre Larios and Victor Alejandro Martínez add further depth across general corporate and transactional matters, while associate Ondina María Santos is also active across the full spectrum of corporate work.

Responsables de la pratique:

Enrique Rodríguez Burchard; Juan José Alcerro Milla


Les références

‘First and foremost, the Aguilar Castillo Love law firm has phenomenal and professional people. They are known for providing solutions to any problem they encounter.’

‘The plus is their people and their treatment of us, as the client.’

Principaux clients

K Internacional, S.A. de C.V.


Cementos Argos


WaterEquity


Caban Systems


Grupo Deli


Aura Minerals


Fyffes


Principaux dossiers


  • Advised K International on its expansion in Honduras through capital increases and amendments to the company’s articles of incorporation.
  • Assisted Aura Minerals with its corporate and asset restructuring.
  • Advised Caban Systems on all corporate matters linked to a renewable energy project which will supply 289 telecommunications facilities’ sites operated by Tigo/Milicom.

Consortium Legal

Consortium Legal maintains a strong position in the Honduran corporate market, regularly advising leading international and regional clients on transactional and operational matters. Among the team’s core areas of expertise are M&A, corporate restructurings, joint ventures, and compliance and regulatory issues, with experience across a wide variety of sectors, from telecoms and consumer goods to fintech, and financial services. The practice is co-led by José Ramón Paz Morales, whose strengths include cross-border transactions, M&A and reorganisations, and José Rafael Rivera, a key contact for corporate finance mandates. José Ramón Paz Padilla and Gustavo León-Gómez are also active in a broad range of corporate and transactional issues. Senior associates Susan Perdomo and María Alejandra Henríquez and associate José Manuel Hernández provide support across the corporate offering.

Responsables de la pratique:

​​José Ramón Paz Morales;​ ​​José Rafael Rivera​


Les références

‘The firm puts the client’s interest front and centre of every transaction, investing time in understanding the business and its objectives.’

‘They take the time to get to know me and the rest of the client team and how we like to work. They provide commercial, client-focussed advice in a timely manner.’

‘The team is capable of handling assignments from foreign law firms smoothly.’

Principaux clients

​​ASW Group​


​​Grupo Galindo​


​​Citi Bank​ ​​


Walmart​ ​​


Nestlé Hondureña​ ​​


StarChem​


Principaux dossiers


Alta Melara & Asociados

Alta Melara & Asociados leverages its strong domestic expertise alongside support from its regional offices in Guatemala, El Salvador, and Costa Rica to provide comprehensive advice on both local and cross-border M&A transactions. The team demonstrates particular skill in the financial services, automotive, and technology sectors; its most notable recent highlights include advising the purchasers on major acquisitions in the Honduran banking sector and assisting distributors of leading automotive brands with their market entry and expansion strategies. Honduras managing partner Óscar Melara, who has additional capabilities in the competition law aspects of transactions, leads the team alongside Melissa Pastrana, who was promoted to partner in January 2025, and associate Paulette Montoya.

Responsables de la pratique:

Oscar Melara; Melissa Pastrana; Paulette Montoya


Les références

‘What makes the Alta Melara law firm special is its diverse range of services.’

‘Our main point of contact is Melissa Pastrana, a highly capable professional who is diligent in handling our requests. She is also accompanied by a team of lawyers who assist us promptly and with a very positive attitude. They stand out in that they deliver what they promise.’

‘Excellent group. Óscar Melara’s corporate experience and creativity in establishing special negotiations and contracts are outstanding. Communication is clear and precise. An important new feature is the link they’ve set up for companies, where requests are quickly routed to the appropriate department. A liaison attorney is available 7 days a week.

Principaux clients

Ubiquity


Nauffar Germany Doors and Windows, S.A.


Procesadora Industrial de Plásticos, S.A.


Millicom/Tigo


Corporación Multi-Inversiones (CMI)


Banco Azteca


Inchcape Honduras


Grupo Continental Motores


Unitec


Vana Guatemala


Banrural Honduras


Principaux dossiers


  • Together with the offices in Guatemala and El Salvador, advised Beijing Oriental on the acquisition process of Ovniver Group (Cemix) in all jurisdictions, as well as providing advice on the competition matters related to the transaction.
  • Alongside Ropes & Gray LLP, provided assistance to Ubiquity in the acquisition process of a Honduran entity named Zero Variance Quality Analytics, a leader in contact centre solutions.

Arias

Arias benefits from a full-service regional platform, enabling the firm to advise a broad international client base across industries including banking, insurance, pharmaceuticals, food and beverages, and technology. The team regularly handles cross-border M&A alongside the firm’s other Central American offices and also provides guidance on corporate governance, commercial contracts, antitrust, and compliance matters. In addition, the firm’s presence in San Pedro Sula allows it to support clients operating within the area’s free trade zones. Evangelina Lardizábal, who also serves as managing partner of the Honduras office and is skilled in multi-jurisdictional transactions, and Mario Agüero lead the practice. Senior associate Rodolfo Salgado assists on corporate and transactional matters

Responsables de la pratique:

Evangelina Lardizábal; Mario Agüero


Les références

‘Responsibility for the client’s account. Sense of ownership. Effective support throughout each process. It’s unusual to have a law firm that supports its client throughout every step, from minor matters to complex processes.

‘Mario Agüero is a lawyer who almost acts as our in-house counsel in certain processes. This generates confidence in his judgment. He is an effective advisor.’

‘The services of the Honduras team are outstanding.’

Principaux clients

3M


Panamerican Life


Elecnor


Eurofarma


Durenco


SIKA AG


Giovanni Bozzetto S.p.A.


BIO


Principaux dossiers


BLP

BLP’s corporate team is regularly the first port of call to advise prominent multinational companies operating in Honduras on complex, multi-jurisdictional transactions. The practice shows particular strength in the technology, telecoms, and energy industries, with extensive experience spanning M&A, corporate reorganisations, and the establishment or closure of operations in the country. José Miguel Álvarez, a noted adviser to clients in regulated sectors, leads the team alongside energy specialist Karla Aguilar. The wider team includes director Roy Zavala, a key contact for regulatory authorisations and antitrust clearances, senior associate Ivis Alvarado, who focuses on corporate, commercial, and banking matters, and associate Alí Ordóñez, a specialist in corporate law and anti-corruption issues. The firm has also implemented an Innovation Commission aimed at enhancing efficiency through new technologies.

Responsables de la pratique:

José Miguel Álvarez; Karla Aguilar


Les références

‘The team’s strengths and skills are unquestionable. I’ve contacted them outside of work hours, and they’ve assisted me perfectly. In my case, they were extremely knowledgeable about the sector I work in, and that led to excellent results.’

‘What makes them stand out is their availability, organisation, and excellent client service. Their knowledge of business management from a legal perspective is extensive, and that sets them apart.’

‘In the specific case of our company, BLP is the law firm that always seeks to provide us with the best solutions and support in making legal decisions regarding the company’s corporate affairs. They thoroughly analyse each case we consult with them about and provide quality advice.’

Principaux clients

JCDecaux


Santander US Capital Markets LLC and Citigroup Global Markets Inc.


Emasal De Honduras


Comercializadora de Productos Farmaceuticos y de Consumo S.A. de C.V.


United Parcel Service Co


Principaux dossiers


  • Provided comprehensive legal counsel to JCDecaux as it acquired a 70% majority stake in IMC, a prominent out-of-home advertising company operating across Central America, Colombia, and Panama.
  • Advised Comercializadora de Productos Farmaceuticos y de Consumo on the corporate dissolution process.
  • Advised Santander US Capital Markets LLC and Citigroup Global Markets Inc. on the Republic of Honduras’ first sovereign green sustainable bond issuance.

GarciaBodan

GarciaBodan’s corporate team draws on a deep understanding of Honduras’s legal landscape, operating from offices in Tegucigalpa and San Pedro Sula, to support both domestic and regional M&A activity, benefiting from the firm’s extensive network in Central America. Beyond transactional matters, the group offers expertise in compliance, consumer protection, and regulatory approvals, assisting companies looking to establish or grow their operations in Honduras. Office managing partner Vanessa Oquelí leads the versatile corporate practice, supported by key specialists such as Godofredo Siercke, who is particularly skilled in energy sector work, and senior associates Melissa Ayala and Gabriela Aguirre.

Responsables de la pratique:

Vanessa Oquelí


Les références

‘The service they provide is responsive, they are always available to the client, and they follow up on the procedures they complete for us and with social responsibility.’

‘I am very satisfied with the team, I work well with everyone – they are extremely helpful and my account advisor is very diligent.’

‘They are very responsible when meeting deadlines and they are always available when we face difficulties as a company in order to resolve situations urgently.’

Principaux clients

Aerovías de México (Aeroméxico)


Proveedor Integral de Precios de Centroamérica S.A.


GTM Honduras (GTM Caldic Latam)


Cargill


INCAE Business School


Viridi RE GMBH


Payless ShoeSource


InterExpresso


United Airlines


Metgzer Industrias Supplies


Principaux dossiers


  • Advised InterExpresso Honduras on the acquisition of a major stake in a ground assistance company for aircraft.
  • Advised Proveedor Integral de Precios de Centroamérica on operating as a pricing services company.

Gufa Law

Gufa Law is noted for its wide range of experience in corporate law, assisting multinational companies in Honduras with transactions as well as corporate governance, compliance and regulatory issues. The team is well equipped to handle cross-border M&A, working closely with international law firms to provide support on the local legal aspects of complex deals. The energy and telecoms sectors are particular areas of expertise. Managing partner Mauricio Villeda Jr leads the practice, bringing to bear experience in M&A, foreign investment, and commercial contracts. Associates Julia Sandoval, who has a focus on cross-border mandates, Javier López, and regulatory compliance specialist Marcela Barralaga also contribute to the team.

Responsables de la pratique:

Mauricio Villeda Jr


Les références

‘Gufa Law has extensive market knowledge and direct access to the most important players in the Central American region. This valuable asset, combined with its extensive legal and strategic expertise, makes Gufa Law stand out from the rest of the firms we work with.’

‘Mauricio Villeda Jr. is our friend and strategic advisor on legal matters. His legal expertise allows us to make informed decisions and implement a strategic planning process for the development of our company.’

‘Personalised attention, availability, and specialised and technical knowledge of the subject.’

Principaux clients

Church of Jesus Christ of Latter Day Saints


SAAM Towage


ADamant BioNRG SRL


WestJet


Life Logistics Global


Man Energy Solutions


Infrastructure Energy Honduras S. A.


PLIHSA


Gaspro Honduras S. A.


Amspec Honduras


BIA Coffee Investments


Gabriel Kafati S. A.


Molino De Cafe Maya S. A.


Nu Pagamentos S.A. – Instituiçao De Pagamento


Principaux dossiers


  • Advised The Church of Jesus Christ of Latter-day Saints – Honduras Branch on the modernisation of its statutes, aligning them with international directives and ensuring compliance with local legal frameworks.
  • Advised Life Logistics Global on the cross-border acquisition of Optimize Courier LLC, ensuring compliance with employment, tax, and corporate governance standards across multiple jurisdictions.
  • Serving as advisors to Puma Energy on corporate governance, environmental regulations, and customs compliance across multiple jurisdictions.

Mayora & Mayora, S.C.

Thanks to its strong presence in the region, with additional offices in Guatemala and El Salvador, Mayora & Mayora, S.C. is frequently called upon to advise local and multinational clients on cross-border M&A, in addition to joint ventures and day-to-day corporate governance and compliance issues. Within Honduras, the firm has branches in Tegucigalpa, San Pedro Sula and Roatán, enhancing its ability to cater to major clients in the textiles, manufacturing, tourism and real estate sectors. Honduras managing partner Odín Guillén Leiva leads the practice, supported by a sizeable junior team including senior associate Andrea Tercero and associates Andrea Pereira, Daniel Fléfil and Pedro Canales.

Responsables de la pratique:

Odín Guillén Leiva


Les références

‘Our experience with Mayora & Mayora has been exceptional. Their team demonstrated deep knowledge of corporate law, providing us with clear, strategic, and results-oriented advice. Their professionalism, responsiveness, and personalised approach made a significant difference in our case. We highly recommend their services to anyone seeking high-quality legal advice.’ 

‘They offer practical and concrete solutions to the challenges facing us in Honduras.’

‘The advantage of Mayora & Mayora is its collaborative approach and ability to adapt to the changing needs of clients, thanks to the support of all its offices to address the organisation’s requirements.’

Principaux clients

Safeway Maritime Transportation Company, S.A. (Safeway Group)


DBL, S.A.


Latam Hotel Corporation (Hyatt)


ICOMS (Escolaria)


Asheboro Elastics Corporation


Liceo Franco Hondureño


Coats Honduras, S.A.


Galeas Arquitectos


Transnetwork


Netherlands Institute for Multiparty Democracy (NIMD)


Principaux dossiers


Central Law

Central Law‘s presence in Tegucigalpa and San Pedro Sula, along with its extensive network in Central America, underpins its ability to offer tailored M&A and corporate law solutions to medium and large companies operating across various industries, demonstrating particular strength in sectors such as energy, manufacturing, and business process outsourcing. The team frequently advises on the establishment and growth of business operations within Honduras, alongside handling compliance and commercial contract matters. Honduras managing partner J. Humberto Medina Alva, who provides guidance on corporate and foreign investment transactions, Claribel Medina de León, who focuses on energy sector-related issues, and Ricardo Padilla lead the practice. Senior associate Jorge Romero is also a key name.

Responsables de la pratique:

J Humberto Medina Alva; Ricardo Padilla; Claribel Medina de León


Les références

‘I’ve been working with them for years, and the continued presence of the staff helps ensure continuity in the processes. Ethical standards are crucial to me.’

Principaux clients

Bozzetto, S.A.


CRC BPO Solutions


Goddard Catering Group S.A.


Fundación Veron


Sigma Q Group


Mabe Honduras, S.A. de C.V.


Food for the Poor


Buckner Honduras


Fundación Covelo


Principaux dossiers


  • Facilitated the complex acquisition of Starchem S.A. for the Giovanny Bozzetto Group, navigating intricate corporate matters such as due diligence and legal compliance while guiding the Italy-based owners through establishing a business presence in Honduras.
  • Successfully guided HMH through a complex, Japanese government-financed energy project in Honduras, navigating the country’s intricate legal and regulatory landscape.
  • Advised on CRC BPO Solutions on strategic acquisitions and the optimisation of corporate and commercial processes to facilitate its rapid growth within Honduras’ free trade zone.

Dentons

Dentons‘ corporate practice is focused on advising multinational corporations and international organisations, taking advantage of a broad global network to provide local counsel services to clients seeking to expand their businesses in Honduras. The team is well versed in assisting with cross-border M&A and the establishment of Honduran entities, as well as corporate governance, compliance and best practice for operating in the country. Leading the practice are office managing partner Arturo Zacapa, who brings extensive expertise in corporate and intellectual property matters to the table, and the highly experienced Gustavo Zacapa. Key support is provided by associates Claudia Aguilar and Fernando Bonilla and senior compliance specialist Xochilt D'Siloe Cerrato.

Responsables de la pratique:

Gustavo Zacapa; Arturo Zacapa


Les références

‘Highly qualified team in the different areas where we have requested advice.’

‘Dentons has provided us with outstanding legal support. Throughout our engagement, Dentons has consistently demonstrated exceptional professionalism, in-depth legal expertise, and a strong commitment to client service.’

‘Fernando Bonilla and Arturo Zacapa were the two main point of contacts. One of the most notable aspects of Fernando and Arturo’s support has been their remarkable responsiveness. Fernando has consistently been quick to address our inquiries, providing timely and well-informed guidance even when faced with urgent and complex matters. His dedication, reliability, and expertise have played a crucial role in ensuring our organisation’s compliance and smooth operations. We are truly grateful for Fernando and Arturo’s unwavering support and the high-quality counsel they continue to provide.’

Principaux dossiers


  • Advised a leading international exporter from a highly regulated sector on its multimillion-dollar acquisition of a factory, and assisted with successfully establishing day-to-day operations.
  • Advised on the creation of a joint venture between international entities from different jurisdictions, ensuring it was compliant with the by-laws and internal requirements of both entities, and in full compliance with local laws.
  • Advised a prominent local NGO on its corporate restructuring and other legal procedures.

Ecija

ECIJA leverages its extensive presence across Spain, Portugal, and Latin America, along with its strategic partnership with Taylor Wessing LLP, to provide comprehensive advice to international companies operating in Honduras. The team focuses on the formation and structuring of Honduran entities, navigating regulatory approvals, and addressing tax and consumer protection compliance. Leading the practice are Honduras managing partner Roberto Williams, insurance sector specialist Rosalinda Cruz Sequeira, Jorge Arturo Reina, and business manager Daniel Williams. The firm’s ECIJA Tech initiative also supports clients in modernising their internal legal operations.

Responsables de la pratique:

Roberto Williams; Rosalinda Cruz Sequeira; Jorge Arturo Reina; Daniel Williams


Principaux clients

DHL (Honduras) S.A.


Sinohydro Corporation Limited


Sunshine Solar


Internacional de Tecnologia Asistencia y Consultoría S.L.


Willis Towers Watson (WTW)


Smartmatic International Holding B.V


Inmarsat Global


CMA CGM S.A.


Distribuidora La Florida S.A. (Fifco)


Principaux dossiers


  • Advising DHL on consumer protection issues in Honduras.
  • Advising Sinohydro Corporation Limited as the contractor of the Patuca III hydropower project.
  • Advising technology and cybersecurity company Smartmatic.

Lexincorp

Lexincorp consistently supports regional and multinational clients with day-to-day corporate and commercial issues, including corporate governance and regulatory compliance. In addition, the team assists with new business formations and acquisitions of Honduran companies, and the structuring of consortia for large-scale transport and infrastructure projects, thanks to its strong expertise in public-private partnerships. Engels Zelaya, who is skilled in M&A and private equity transactions, Honduras managing partner Benito Zelaya, Nora Amaya, and Sylvia Zelaya, who oversees the San Pedro Sula office, make up the leadership team. The practice was further strengthened in January 2025 by the addition of Mariano Torres, who is well versed in commercial and public-procurement matters, and associates Ela Rivera (a regulatory law specialist) and Carlos Flores (who focuses on notarial law).

Responsables de la pratique:

Engels Zelaya; Nora Amaya; Benito Zelaya; Sylvia Zelaya


Principaux clients

Grupo Uma, S.A. de Cv


GMG Comercial, S.A.


Retail Concepts H, S.A. de C.V.


GSQ Honduras S.A. de C.V.


Colegio de Ingenieros Civiles de Honduras (CICH)


Asica


Luces Del Norte, S.A.


Inversiones Materiales, S. de R.L. de C.V. (Invema)


Funmovil, S.A.


Concentrix+Webhelp, S.A.


Principaux dossiers


  • Advised Asica, a leading provider of IT solutions in Central America, on the tender process for a business solution involving BPO services for energy debt recovery.
  • Advised Multibank on the structuring of its credit operations.