Honduran government praises repeal of the ZEDE law as investors denounce ‘lies’ and ‘abuse’
On September 20, 2024, Honduras’ Supreme Court declared the Economic Development and Employment Zones (ZEDE) unconstitutional, annulling a regulatory framework passed by the National Assembly in 2013. Even though magistrates disagree about the legal consequences of the resolution, they reached a unanimous decision, stressing that the ZEDEs violate fundamental constitutional articles. While the government praises the resolution, investors say it’s “abusive.” This has sparked a debate about the possibility of charging public officials who promoted the ZEDEs with treason.