Arias > Tegucigalpa, Honduras > Firm Profile

Centro Comercial El Dorado 6° Piso

Honduras > Banking and finance Tier 1

Thanks to its status as a full-service regional firm, Arias is well equipped to advise both domestic and international clients on the full spectrum of banking and finance matters, across all industry segments, although it is best known for its expertise in financings in the energy sector. The team also stands out for its advice to international lenders, with a strong recent track record in advising multilateral development agencies on cross-border loans to domestic companies, banks and microfinance institutions. At the head of the practice, office managing partner Evangelina Lardizábal is widely recognised for her experience in project finance in Honduras – as well as in Central America more widely – and Mario Agüero is particularly active in multi-jurisdictional transactions, with an emphasis on highly regulated sectors. Associate Rodolfo Salgado provides key support in financial transactions and banking regulatory matters.

Practice head(s):

Evangelina Lardizábal; Mario Agüero

Honduras > Dispute resolution Tier 1

Hailed by clients as a ‘dynamic team that always seeks to be at the forefront of legal knowledge on a global level‘, the dispute resolution practice at regional firm Arias is highly skilled in both litigation and arbitration, acting for an extensive roster of major international clients from across the media, pharmaceuticals, retail and energy sectors. In particular, the team stands out for its prowess in civil and administrative litigation, where it has a notable strength in claims relating to the termination of distribution agreements. The widely renowned Fanny Rodríguez leads the department; she also heads the firm’s labour practice and frequently handles employment-related disputes. Experienced senior associate Ekber Matute, who joined the team in August 2022 from an in-house role at World Vision, has broad expertise spanning civil, labour and administrative cases.

Practice head(s):

Fanny Rodríguez


It is a young, dynamic team that always seeks to be at the forefront of legal knowledge on a global level.

The firm stands out for its client service and response times.

Work highlights

  • Acting for Operadora Portuaria Centroamericana (OPC), which operates Central America’s largest seaport, Puerto Cortés, in a claim for damages brought against Chiquita Honduras Company relating to the payment for services rendered in the port.
  • Defending Punto Fa (trading as Mango) in a damages claim brought by Eurocomer, its former franchisee in Honduras, relating to the termination of a contract between them.
  • Representing Essity in contentious-administrative proceedings seeking the cancellation of the licence granted to a former distributor.

Honduras > Intellectual property Tier 1

Arias‘ ability to draw on its regional network and close links with international firms makes it a strong choice to assist major multinationals across a range of sectors, including automotive, fashion, retail, food and beverages, and cosmetics, with the management of their trade mark portfolios. The team, which wins praise from clients for its ‘knowledge in the field‘ and ‘quick strategies‘, particularly stands out for its impressive roster of clients in the pharmaceutical sector, where it is also adept at advising on the registration and renewal of patents. On the contentious front, the firm’s top-flight litigation department assists with enforcement and anti-piracy actions. Sonia Urbina, whose broad practice spans trade mark, patent and health registrations and consumer protection matters, leads the team, ably supported by associate Anny Ramos.

Practice head(s):

Sonia Urbina


‘I have to highlight the firm’s speed in correspondence and action. Matters are resolved quickly and efficiently.’

‘For us, the most important thing is the speed in the answers, the acknowledgment of receipt and, above all, that the invoices are sent on time for internal control. I believe that Arias handles itself very well on these points.’

‘The team stands out for its knowledge in the field, good suggestions and quick strategies.’

Work highlights

  • Advising Proctor & Gamble on the management of its trade mark portfolio, including handling new applications and renewals, and opposition, nullity and cancellation actions against third parties.
  • Advising Sanofi on the management of its trade mark portfolio, including handling new applications and renewals, and opposition, nullity and cancellation actions against third parties.
  • Advising Bayer on the management of its patent portfolio.

Honduras > Corporate and M&A Tier 2

With offices in Tegucigalpa and the industrial hub of San Pedro Sula, Arias has a strong platform in Honduras, which combines with its broad regional network to allow the firm to advise both domestic and multinational clients on the full spectrum of corporate work. The team of ‘excellent advisers‘ routinely handles cross-border matters, including M&A, with notable recent activity in the renewable energy and mining sectors, and also has a busy antitrust practice, where senior associate Antonio Montes is the key contact for pre-merger notification processes. Honduras managing partner Evangelina Lardizábal is frequently sought after for her experience in multi-jurisdictional M&A, as well as related tax issues; she leads the team with Mario Agüero, a go-to specialist in the structuring of local business operations for international companies. Associate Rodolfo Salgado also provides capable support. Since publication, Montes has left the firm.

Practice head(s):

Evangelina Lardizábal; Mario Agüero


Their experience in the local area and laws goes beyond other firms’. We always receive timely, accurate advice, and they are always ready to assist their clients at any time, and always present options so that clients can choose the best one.

They are always willing to assist, and very friendly and respectful; it is always nice to meet them. They are very intelligent and their experience is what makes the difference.

Excellent advisers.

Very good collaboration. A good team that takes the initiative.

Evangelina Lardizábal is always attentive and proactive. Very proficient in the area of cooperative law.

Work highlights

  • Advising Grupo Bimbo on the sale to Mondelēz International Holding of its shares in Ricolino, Productos Ricolino and Productos Leche Coronado, and the related antitrust filing.
  • Advising non-profit organisation El Comité para la Defensa y Desarrollo de la Flora y Fauna del Golfo de Fonseca on the community development programme to generate carbon credits from the reforestation of mangrove areas on the Pacific coastline of Honduras.

Honduras > Energy and projects Tier 2

Drawing on firm-wide strength in the corporate and finance areas, as well as an extensive regional network, Arias is experienced in advising both domestic and multinational companies on an array of mining, renewable energy and reforestation-related matters. The team has seen strong recent activity in M&A in the energy sector, but is also skilled in advising on project finance and development and concession contracts. Honduras managing partner Evangelina Lardizábal is well versed in the structuring, financing and sale of projects (particularly in the renewable energy sphere), while Mario Agüero is noted for his expertise in corporate, regulatory and financing matters in the mining and oil and gas sectors.

Honduras > Tax Tier 2

Arias‘ active tax practice focuses on advising multinationals with local subsidiaries on the tax exemptions available under Honduras’ free trade zone regimes (as well as on ongoing reforms in this space), and has considerable strength in sector-specific tax issues in the export manufacturing, renewable energy and mining industries. The team also assists clients with the tax aspects of their day-to-day operations, including compliance with local regulations, customs issues, the application of transfer pricing laws, and challenges to decisions made by the tax authority. Honduras managing partner Evangelina Lardizábal, an expert in local and international tax matters, foreign investments and free trade zones, leads the team, supported by associate Fabricio Flores, who joined the firm from EY Law Central America in June 2022.

Practice head(s):

Evangelina Lardizábal

Work highlights

  • Advising Elecnor on tax issues relating to its day-to-day operations, including compliance and tax exemptions.
  • Advising American Pacific (AMPAC) on the tax benefits available for its mining operations.

Central America > Corporate and finance

Formed following the split of pioneering Central American firm Arias & Munoz, Arias has a well-established network of seven offices in the region, spread across Guatemala, El Salvador, Honduras (where it has branches in both Tegucigalpa and San Pedro Sula), Nicaragua, Costa Rica and Panama. The firm has a long history of handling high-profile local and international M&A and financial transactions, acting for an impressive roster of multinationals, global financial institutions and leading regional banks. Diego Gallegos, who has expertise in asset and project finance, and Vicente Lines, an expert in the infrastructure and telecoms spaces, lead the finance practice in Costa Rica and are also key figures in the corporate team, where energy specialist Melania Dittel is also noted. In El Salvador, Mario Lozano is sought after for his advice on fintech and cryptocurrency issues, while Lilian Arias, the M&A-focused Roberta Gallardo and Luisa Rivas are among the key contacts for corporate matters. In Guatemala, Luis Pedro del Valle, who has a strong track record in cross-border M&A, took over leadership of the corporate and finance practices in April 2023. The highly experienced Evangelina Lardizábal steers the corporate and finance teams in Honduras alongside Mario Agüero, while in Nicaragua Ana Teresa Rizo, a go-to partner for foreign investments, Bertha Argüello, Gustavo-Adolfo Vargas and Rodrigo Ibarra, a specialist in the energy sector, are the names to note. María Cristina Fábrega takes the lead on M&A and financial transactions in Panama.

Work highlights

Our firm: Arias is the leading global business law firm in Central America and the firm of choice in the region. The firm stands out for providing innovative and effective solutions that help clients achieve their business goals, while enjoying the benefits of working with an integrated firm. With a presence in six countries through seven offices, 42 partners,  and 130 highly trained and experienced attorneys with offices in Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica and Panama.

Since 1942, Arias has been setting the standards in the region by combining its global reach with local expertise, and providing a visionary outlook on the world’s business environment.

Our team: Among our staff, we have attorneys with many years of experience in several practice areas combined with young lawyers. This means our firm is constantly innovating and adapting to the needs of today’s world, which ensures we are able to offer our clients the best legal talent in the region.

Areas of practice: Arias is a full-service firm, providing advice in over 33 practice areas, with renowned specialists in each jurisdiction. Some of the firm’s main practice areas include: corporate, antitrust, mergers and acquisitions, tax, arbitration and litigation, compliance, banking and finance, intellectual property, labor law, energy, oil and gas, real estate, immigration, and general counsel services, among others.

Our focus: We make things happen. We provide creative and innovative legal solutions that add value to our clients, taking the time to know and understand their business goals, while always focused on providing reliable and accurate legal services, with their best interests in mind.

International reach: The firm advises on local and cross-border transactions, assisting some of the major international corporations doing business in the region, and also providing legal support to local clients going abroad.

Recognitions and awards: Consistently, we have been honored with important recognitions and awards such as “Firm of the Year in Central America”, “Firm of the year” in the countries we operate, “Client Service Award”, “Best Regional Firm for Women in Business  Law”, “Deal of the Year”, among other relevant regional and local awards for the firm and our members.

Equal opportunities: We promote diversity within the firm, professional growth is based on each individual’s merit regardless of the gender or ethnics.

  • 47% of our partners are women
  • 48% of our associates are women
  • 57% of our management positions are held by women
  • 100% of our managing partners are women

2,000 Pro-bono hours per year: Corporate social responsibility and Pro-bono work have always been an important part of our DNA. We believe that it is everyone’s responsibility to inspire and generate positive changes in our environment in order to achieve and ensure a better future for the next generations.

Languages spoken: Spanish, English, French, German, and Portuguese

Department Name Email Telephone
Managing partner, Head of Banking and Finance, Tax, M&A, Corporate and Commercial Evangelina Lardizábal +(504) 22214505
Partner, Head of Litigation Fanny Rodríguez +(504) 22214505
Partner, Head of Corporate, Commercial and M&A Mario Agüero +(504) 22214505
Partner, Head of Intellectual Property Sonia Urbina +(504) 22214505
Partners : 4
Associates : 10
INTA - International Trademark Association
AIPPI (Association for the Protection of Intellectual Property)
Pacific Rim Advisory Council (PRAC)
World Law Group
IBA (International Bar Association)
Regional Partners : 42
Partners in Honduras : 4