Supreme Court reinstates limits on foreign land ownership
The court temporarily suspended Milei’s repeal of the Land Law, which caps foreign ownership of rural land at 15% nationwide La entrada Supreme Court reinstates limits on foreign land ownership se publicó primero en Buenos Aires Herald .
Argentina's Supreme Court has temporarily reinstated limits on foreign ownership of rural land, suspending a controversial article in President Javier Milei's 2023 mega-decree. The Land Law, enacted in 2011, caps foreign land ownership at 15%, with additional restrictions on ownership by nationals of any single foreign country, and limits on land use in key agricultural zones and near water bodies.
The decision comes just 10 days after the same court lifted all limits on foreign land purchases, sparking public outrage and leading opposition lawmakers to propose rejecting Milei's entire decree. The Supreme Court's ruling temporarily reinstates the 15% foreign ownership cap while a lower court examines a legal challenge to the measure.
Although the Senate rejected Milei's decree in March 2024, it cannot be repealed by Congress unless both houses vote against it. The new ruling does not resolve the constitutional dispute over the repeal, as the plaintiffs argue that the emergency decree threatens environmental protection and Indigenous rights. The Supreme Court upheld the right to a healthy environment and ordered the case returned to a lower court to determine legal standing and consider an injunction.
Written by urgent.news from Buenos Aires Herald's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
