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Key contacts
Partner: José Ramón Paz
Partner: José Rafael Rivera
Partner: Gustavo León-Gómez
Quick facts
Number of lawyers

25

Network memberships

Cámara Americana de Comercio de Honduras (Amcham), Cámara de Comercio e Industrias de Tegucigalpa (CCIT), Cámara de Comercio e Industrias de Cortes (CCIC), Fundación Hondureña de Responsabilidad Social (Fundharse), World Services Group (WSG).

Key practice areas
Financial and corporate
Energy and infrastructure
Project development
Firm overview

We provide legal solutions for your business in Central America.

We are the only law firm with specialized lawyers dedicated exclusively to their practice areas in the five countries of the Central American region, guaranteeing the highest standard of technical quality for our clients. We have the largest team in the Central American region with +200 lawyers located in 9 offices in Guatemala, El Salvador, Honduras, Nicaragua and Costa Rica; which gives us the ability to offer personalized attention in high volume regional matters through a single point of contact for your regional needs, providing you with an agile and efficient coordination that results in a standardized and effective final product.
Discover more on our website.

Key transactional practices
Key practice contacts and recent transactional highlights

Banking and Finance
José Ramón Paz Morales
josepaz@consortiumlegal.com
 
Recent transactional highlights:

  • CMI green bond issuance - US$700,000,000.00 - Consortium - Legal (Guatemala) acted as local counsel to Citigroup Global Markets, Inc.  in connection with the green bond issuance by Investment Energy Resources Limited (IERL), a subsidiary of the Guatemalan Corporación Multi Inversiones (CMI) of $700 million. The senior bonds had a coupon rate of 6.25% with maturity in 2029. At US$700 million, the issuance is thought to be the largest-ever green debt tap made by a renewable energy company in Central America and the Caribbean. The notes also represent the company’s first green debt tap and one of the first corporate bonds with environmental targets in Central America.

 

  • Investment Energy Resources Limited issuance of US$700 million 6.250% Senior Secured Notes due 2029 - Consortium Legal - Guatemala and Honduras acted: (i) as Guatemalan and Honduran legal advisers to Citigroup Global Markets Inc. and J.P. Morgan Securities LLC as joint Bookrunners and initial purchasers of the Senior Secured Notes for US$700,000,000.00 at a fixed rate of 6.250% maturing in 2029 (the “Bonds”) issued by Investment Energy Resources Limited guaranteed by certain of its subsidiaries (Renace, SA , Energía Eólica de Honduras, SA, Soluciones Energéticas Renovables, SA de CV, Sistemas Fotovoltáicos de Honduras, SA, Alisios Holdings, SA, Costa Rica Energy Holding, SA, Vientos del Volcán, SA, Inversiones Eólica Campos Azules, SA, Inversiones Eólica Guanacaste, SA, Inversiones Eólica de Orosí Dos, SA, Eolo de Nicaragua, SA and WCG Energy, Ltd.); and (ii) as legal advisers to Banco Latinoamericano de Comercio Exterior, S.A., Banco Industrial, S.A., Westrust Bank (International) Limited, Banco Davivienda Salvadoreño, S.A., Banco Davivienda (Costa Rica), S.A., Banco Davivienda (Panamá), S.A. and Banco Davivienda, S.A. as Lenders of the Guaranteed Credit Facility for an amount of up to US$440,000,000.00 granted to Investment Energy Resources Limited guaranteed by certain of its subsidiaries (Renace, SA, Energía Eólica de Honduras, SA, Soluciones Energéticas Renovables, SA de CV, Sistemas Fotovoltáicos de Honduras, SA, Alisios Holdings, SA, Costa Rica Energy Holding, SA, Vientos del Volcán, SA, Inversiones Eólica Campos Azules, SA, Inversiones Eólica Guanacaste, SA, Inversiones Eólica de Orosí Dos, SA, Eolo de Nicaragua, SA and WCG Energy, Ltd.) The funds from the Bonds and the Financing will be used to refinance certain credit facilities previously formalized to finance certain of the Renewable Energy projects of its Subsidiaries.

Corporate
José Rafael Rivera
jrivera@consortiumlegal.com

Sector expertise
Other offices

Guatemala
Diagonal 6 10-01 zona 10. Centro Gerencial Las Margaritas Torre II, Oficina 1402
Ciudad de Guatemala, Guatemala
T: +502 2279 3939
E: guatemala@consortiumlegal.com
 
El Salvador
Edificio Avante Local 313, Urb. Madre Selva III.
Calle Llama del Bosque Poniente.
La Libertad, El Salvador
T: +503 2209 1600
E: elsalvador@consortiumlegal.com
 
Honduras
Primera Calle # 304 – Torre Consortium I.
Colonia La Estancia, Final del Bulevar Morazán
Tegucigalpa, Honduras
T: +504 2221 1002
E: honduras@consortiumlegal.com
 
Edificio Banco de Occidente, Local #5
Frente a la Plaza Pedregal Bulevar hacía Banco del País, Sector Noroeste.
San Pedro Sula, Honduras
T: +504 2566 0840
E: honduras@consortiumlegal.com
 
Nicaragua
Del antiguo Hospital Militar, 1 cuadra al Norte.
Edificio Consortium Legal.
Managua, Nicaragua
T: +505 2254 5454
E: nicaragua@consortiumlegal.com
 
Costa Rica
150mts oeste de la entrada principal de Oficentro El Cedral, Escazú.
Edificio Banco General 6º piso
Escazú, Costa Rica
T: +506 2289 0750
E: costarica@consortiumlegal.com
 
Liberia, Centro Comercial Plaza Futura, Local #35
Guanacaste, Costa Rica
T: +506 8345 4548 / 8346 9465
E: costarica@consortiumlegal.com

Paseo Colón, Edificio Torre Mercedes, piso 2
San José
E: costarica@consortiumlegal.com
T:+506 2257 3005

Plaza Tamarindo, Local 16
Tamarindo
E: costarica@consortiumlegal.com
T:+506 8346 9465

Address:
Primera Calle #304-Torre Consortium I
Colonia La Estancia, Final del Bulevar Morazán
Tegucigalpa
Tel:+504 2221 1002 Fax:+504 2221 0535 Email:Contact Us Web Address:http://consortiumlegal.com/en/
Rankings published in 2026
Financial and corporate
Tier 1
18 firms ranked
View full list

Tier 1

Aguilar Castillo Love
3 practice areas
View profile
Arias
3 practice areas
View full profile
Consortium Legal
3 practice areas
View full profile

Tier 2

BLP
2 practice areas
View profile
GarcíaBodan
1 practice area
View profile
Gutiérrez Falla & Asociados (Gufa Law)
3 practice areas
View profile
López Rodezno & Asociados
1 practice area
View profile

Tier 3

Bufete Rosa & Asociados
1 practice area
View profile
Central Law Honduras, S.A.
3 practice areas
View profile
ECIJA
2 practice areas
View profile
Lexincorp
3 practice areas
View profile
Ulloa & Asociados
2 practice areas
View profile

Notable

Dentons Muñoz Zacapa
1 practice area
View profile
EY Law
1 practice area
View profile
LatamLex
1 practice area
View profile
Matamoros Batson & Asociados
1 practice area
View profile
Mayora & Mayora
1 practice area
View full profile
Nassar Abogados
1 practice area
View profile
Project development
Tier 1
8 firms ranked
View full list

Tier 1

Aguilar Castillo Love
3 practice areas
View profile
Arias
3 practice areas
View full profile
Consortium Legal
3 practice areas
View full profile

Tier 2

BLP
2 practice areas
View profile
Central Law Honduras, S.A.
3 practice areas
View profile

Tier 3

ECIJA
2 practice areas
View profile
Gutiérrez Falla & Asociados (Gufa Law)
3 practice areas
View profile
Lexincorp
3 practice areas
View profile
Linked Reviews
Financial and corporate

Full service Central American firm Consortium Legal has offices in Guatemala, El Salvador, Honduras, Nicaragua and Costa Rica. The Honduran branch has two offices, in Tegucigalpa and San Pedro Sula. In the financial and corporate practice area, the firm advises local and international clients across all industries on M&A matters. It also regularly works on capital markets transactions including capital increases, bond issuances and investment fund matters. In the project development practice area, it represents developers and sponsors in a wide array of industries, especially construction.  

 

Highlights  

The firm’s M&A practice was especially active, advising on complex transactions like the cross-border sale of a subsidiary of Ontex, a public company listed on Euronext Brussels. The subsidiary is in Mexico, and the firm provided counsel on the unique antitrust compliance matters related to the acquisition. The firm provided similar antitrust related counsel to its client Cargill.  

The firm’s corporate work is also exemplary. It is currently advising Millicom regarding its structural reorganization that also requires regulatory approvals.  

 

Key clients  

Millicom, Cargill and ONTEX are a few of the firm’s key clients 

 

Testimonials 

The professionalism, the explanations given, the quality of the document. Overall an outstanding service, especially from José Ramón Paz Morales.” (Financial services regulatory client) 

3 results3 results
Deal Highlights
4 results4 results
Deal Name Deal Date Firm Name Jurisdiction Deal Type Lawyer Names Client Names Client Role
Citibank; Banco de Honduras - Real estate acquisition
2020-09-01
Consortium Legal
Honduras
Real estate acquisition
José Ramon Paz Morales, Gustavo León Gómez
Citibank, Banco de Honduras
Acquirer
CONFIANZA SA-FGR - Fund formation
2020-08-31
Consortium Legal
Honduras
Fund formation
Jose Ramon Paz Morales
CONFIANZA SA-FGR
Fund manager
Credit Suisse Securities (USA) LLC, - Securitisation
2020-07-02
Consortium Legal
Honduras
Securitisation
Jose Ramon Paz Morales
Credit Suisse Securities (USA) LLC,
Underwriter
Cerberus Business Finance LLC - Financing
2020-07-12
Consortium Legal
Honduras
Financing
Jose Ramón Paz Morales
Cerberus Business Finance LLC
Lender
M&A
Consortium Legal’s M&A partner David Reuben discusses the largest transaction to ever cross the desks of law firms and authorities in the region
IFLR is delighted to announce the winners of the IFLR Americas Awards 2021
Will 2018 bring yet more uncertainty, or will the global economy come back down to earth?
IFLR1000
Latin America correspondent Rani Mehta looks at the trend of law firm regionalisation in Central America
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    Oscar Samour Santillana of Consortium – Centro América Abogados analyses whether El Salvador's banking sector must diversify and make room for new players