Firm Advises Dallas Businessman in Honduran Power Project

Roatan Electric Company purchased for Kelcy Warren

08/13/2008

DALLAS – Haynes and Boone, LLP announced that it successfully represented Kelcy Warren, a Dallas-based businessman, in purchasing a majority interest in the Honduran power distribution company Roatan Electric Company (RECO), the local distribution company for the Island of Roatan, Bay Islands, Honduras. The project contemplates making significant ongoing investments in RECO in order to increase generation capacity, improve the distribution system, and to pay down RECO debt.

Partner and Americas Practice Group Chair Larry B. Pascal led a multi-jurisdictional Haynes and Boone team from its Latin American practice group, consisting of partners Hunt Buckley (Mexico City) and Alberto de la Peña (Dallas), and associates Ana Pallares (Dallas), Manuel Diaz (Dallas), and Patricia Mastropierro (Mexico City). The project was novel because it involved state intervention in one of the few private and isolated electric system operators in Honduras.

Haynes and Boone, LLP worked closely on the project with Dallas-based Mike Warren, Esq. of Mike Warren, Attorney at Law, as well as Italo Tugliani, Gio Tugliani, Armando Manzanares, and Karla Aguilar from the Honduran office of Consortium Legal.

This is the second recent Honduran power project for Haynes and Boone. Previously, the Firm successfully advised Parkdale Mills in a power purchase agreement with the state-owned power company ENEE.

The Haynes and Boone Latin American practice has been recognized as one of the leaders in Latin America by numerous business organizations and publications, including Latin Lawyer and Chambers USA. As part of its Latin American practice, Haynes and Boone maintains one of the largest Mexico City practices of any U.S. law firm. Its approximately 20 Mexico City-based attorneys have a wide range of experience in handling the legal aspects of international business, foreign investment, trade regulation, public bidding and finance.

Haynes and Boone, LLP is an international corporate law firm with offices in Texas, New York, Washington, D.C., Mexico City and Moscow, providing a full spectrum of legal services. With almost 500 attorneys, Haynes and Boone is ranked among the largest law firms in the nation by The National Law Journal. The firm has been recognized as one of the "Best Corporate Law Firms in America" (Corporate Board Member Magazine, 2001-2008), and as a Top 100 law firm for both diversity (MultiCultural Law Magazine, 2008) and women (Women 3.0, 2008).

Media Contacts

Nathan Koppel
Director of Media Relations
+1 512.867.8431
nathan.koppel@haynesboone.com
Linda Campbell
Communications Manager
+1 214.651.5362
linda.campbell@haynesboone.com

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