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Editorial

Legal market overview

In the aftermath of the global financial crisis, Honduras experienced a moderate recovery with economic growth peaking at 3.7% in 2010, but political uncertainty and a high level of crime – which has inhibited foreign investment activity – as well as the country’s proneness to external shocks, particularly in the agricultural sector, caused the growth rate to slow to 2.7% in 2014. However, since the investiture of centre-right president Juan Orlando Hernández, the government has been following a more neoliberal approach that has been particularly visible in the mining and renewable energy industries; this has been welcomed by the legal sector, which has enjoyed a steady diet of corporate and finance matters related to wind farms, solar energy projects and biomass power plants, in particular.

Populated by several regional heavyweights and a number of well-regarded local firms, the Honduran legal landscape has been remarkably stable recently. Regional players such as Arias & Muñoz, Aguilar Castillo Love and Consortium - Centro América Abogados remain at the forefront of international corporate and finance advice, but local firms such as Casco-Fortín, Cruz & Asociados, Bufete Gutiérrez Falla & Asociados and López Rodezno & Asociados have also proven able to hold their ground in the difficult market environment. Highly regarded boutique Bufete Forlar Abogados is one of the few law firms with dedicated dispute resolution practices. In IP, the boutique model is the norm, including firms such as Bufete Casco and Bufete Mejía & Asociados.

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