Consortium Legal-Honduras

The Ministry of Finance announced that an improvement in the online inquiry concerning the value of declared merchandises intends to reduce under-declaration in 20%. For the purpose of establishing better controls on imported merchandises, the National Service of Customs of the Ministry of Finance has intensified and integrated software tools to apply in a more efficient and effective manner instruments of control over the value declared for the entry and exit of goods...

Few may rebate that internet, is majorly responsible for most of the mayor changes in the past fifteen years in fields such as science, communications, technology, commerce amongst other being necessary to adapt the legal system regulating it. Honduras has not been the exception in this modernization process regardless of the civil code nature of its legal system which is not as adaptable as common law systems are. Almost fifteen year from the internet boom, Honduras is still discussing which is the better legal system in order to regulate e commerce transactions...

Ormat Technologies, Inc. announced that its indirect, wholly-owned subsidiary, completed the acquisition of the Geotérmica Platanares geothermal project in Honduras from Electricidad de Cortés (ELCOSA), a privately owned Honduran energy company, upon satisfaction of the required conditions precedent . Ormat will hold the assets under a Build, Operate and Transfer (BOT) structure for approximately 15 years, including the project’s wells, land, permits and a Power Purchase Agreement for up to 35 megawatt with ENEE, the national utility of Honduras...

Consortium Honduras acted as local counsel to acquirer, Cementos Argos, fifth cement producer in Latin America and second in the United States, in a USD 305 million acquisition of the largest cement company in Honduras, Lafarge Cementos, in the country´s biggest deal in 2013. The acquired company has a yearly production capacity of 1.3 million metric tons, increasing Argo´s yearly production capacity to 17 million metric tons. Consortium Honduras participated throughout the due diligence process with U.S. firms and in house counsel in Colombia and Honduras. Consortium is preparing the applicable regulatory approvals...