Twitter Logo Youtube Circle Icon LinkedIn Icon

Honduras > Law firm and leading lawyer rankings


Legal 500 Doing Business in Honduras

Contributed by EY Law Central America

Doing Business in Honduras graphic

Honduras, middle income country, faces the highest level of economic inequality in the region, with more than 60.9% of the population living in poverty and one of the highest violence rates in the world. Despite the above, Honduras' economic outlook is positive. Since the 2008-2009 global economic crisis, it has experienced a moderate recovery, driven by public investments, exports and remittances. In 2017, the country’s economy grew by 4.1 percent, and a growth of 3.6 is expected for 2018. The country has improved it tax flexibility due to its disciplined policies in public finance; it was even able to restructure and diversify the energy sector.  

Read more…

Although Honduras remains Central America’s second-poorest country and has gained a reputation internationally for political instability, recently, as well as having one of the highest murder rates in the Americas, the government is set upon the implementation of fiscal reform, with a view to improving tax collection and driving economic growth.

Further to a 2015 Supreme Court ruling, which struck down a constitutional ban preventing presidents from seeking a second term, the centre-right National Party’s Juan Orlando Hernández was re-elected as president in late 2017. The election result, which was recognised by the US’ State department, was subject to extensive opposition protest claiming election fraud (and during which there were a number of fatalities); the Organizaton of American States (OAS) subsequently called for fresh elections in the country, alleging widespread voting irregularities. Despite its political difficulties, Central America’s leading coffee producer grew its GDP by 4.8 percent in 2017 and, partly due to expansion of the agriculture, construction and financial sectors, Honduras expects growth of up to 4.2 percent in 2018.

Furthermore, Honduras’ legal market has nevertheless participated in the trend towards regionalisation and a number of the country’s significant corporate law firms are members of broader Central American platforms of differing types. Latamlex / Matamoros Batson y Asociados, for example, is the local office of the Latamlex regional structure, while independent firms Casco-Fortín, Cruz & Asociados and Bufete Gutiérrez Falla & Asociados are the exclusive Honduran member-firms of global legal associations Meritas and Lex Mundi, respectively. The offices of Aguilar Castillo Love, Arias, BLP, CENTRAL LAW, Consortium Legal, García & Bodán and Lexincorp are, in turn, each the local representatives of their eponymous regional law firms.

New entrants to the Honduran legal market include the arrival of Guatemala’s Mayora & Mayora, S.C., which has also expanded into El Salvador; and EY Law Honduras, the result of EY’s 2018 merger throughout Central America with what was formerly the Costa Rica-headquartered regional law firm, Pacheco Coto, which brought in Honduras-based senior manager Ricardo José Rosa Clamer.

Press releases

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to

Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • The Cayman Islands Data Protection Law, 2017

    The following information relates to the enactment of The Cayman Islands Data Protection Law, 2017 (" DPL "), which was expected to come into force on 29 January 2019, will now come into force in September 2019. The DPL will regulate the future processing of all personal data in the Cayman Islands.
  • The Mutual Funds Law (2019 Revision)

    The following information relates to the enactment of The Mutual Funds Law (2019 Revision) and the subsequent commencement of related sections of The Mutual Funds (Amendment) Law 2015. The changes require certain funds to notify the Cayman Islands Monetary Authority if they are active in EU jurisdictions.
  • Stuarts Success - Case Review: Toby -v- Allianz Global Risks US Insurance Company

    Toby –v- Allianz Global Risks US Insurance Company, FSD 152 of 2013 (IMJ), Judgment delivered on 29 August 2018
  • Security Token Offerings in the Cayman Islands

    Security Token Offerings (“STOs”) are an extremely popular means of fundraising for new projects and utilise blockchain technology to do so. Whilst no specific legislation has been passed by the Cayman Islands Government in connection with STOs and cryptocurrencies, it would be incorrect to say that STOs are “unregulated”.

    Black Friday is unquestionable one of the most profitable and busiest days of the year for retail, particularly online. Worldwide almost all online store do offer sales or special promotions on Black Friday or Cyber Monday. Already after this practice has established online, a trademark for " BLACK FRIDAY " was registered in Germany back in 2013. In 2016 a Chinese company acquired the trademark and then filed in 2017 for its extension to Austria. Based on the registered trademark, it granted exclusive rights to an Austrian company, which licensed usage rights to various partner stores against remuneration. Further, an exclusive " Black Friday-Cooperation Program " was established. Non-partners who used the event name or trademark were prosecuted and requested to either pay a license fee or refrain from running Black Friday promotions. Some followed the request and entered into license agreements. Some, however, did challenge the validity of the trademark. Finally, respective proceedings to check the actual protection of the trademark were initiated. Austrian courts now held that the trademark " BLACK FRIDAY " is not protected in Austria .
    - Dorda
  • The Zero Carbon Bill - a closer look

    ​​​​The long-awaited "Zero Carbon Bill" was finally released on 9 May, but despite being greeted by considerable media interest there are a number of significant issues that have yet to come to the fore.
  • A link tax in New Zealand?

    ​​​​A controversial payment to publishers for content in Europe has implications for New Zealand – despite escaping mention in a recent paper that set out the key issues for review for our own copyright laws.
  • News media exemption under the Privacy Act: now a matter of "responsibility"?

    The role of the news media as the "eyes and ears" of the public, and the corresponding right of such news media to be exempted from the Privacy Act 1993 ( Privacy Act ), is entrenched and well accepted. However, the extent to which the news media exemption applies to non-traditional forms of "news" published by "civilian journalists", such as online commentary and blogs, is a hotly debated subject.
  • Quarterly Update on Trade Defense Cases in Turkey (June 2019)

    The authority to initiate dumping or subsidy examinations, upon complaint or, where necessary, ex officio , has been given from the Ministry of Economy to the Ministry of Trade ("Ministry"). Within the scope of this authority, the Ministry announces its decisions with the communiqués published on the Official Gazette.
  • Company Formations - A jurisdictional guide to setting up a business

    The following article contains the Foreword in the IR Global Virtual Series brochure on 'Company Formations - A jurisdictional guide to setting up a business'.

Press Releases worldwide

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to