Argentina's Supreme Court Reinstates Repeal of Foreign Land Ownership Limits
Argentina's Supreme Court, composed of justices Horacio Rosatti, Carlos Rosenkrantz and Ricardo Lorenzetti, ruled to uphold Article 154 of President Javier Milei's December 2023 decree (DNU 70/23), which repealed Law 26.737 limiting foreign purchases of rural land. The decision, reported by La Nación, overturns a lower court injunction that had suspended the repeal following a legal challenge from a Falklands War veterans' group. The ruling effectively removes prior caps—reportedly a 15% national ownership limit and 1,000-hectare restrictions in core agricultural zones—despite the measure having failed to pass in Congress and the Senate having voted against similar changes weeks earlier. Social media users and some lawmakers, including Esteban Paulón, called the ruling scandalous and urged Argentina's Chamber of Deputies to reject the decree; critics on Twitter described the court's action as anti-democratic, though these characterizations reflect social-media commentary rather than confirmed reporting. The immediate practical consequence, per La Nación, is that no legal limits currently apply to foreign acquisition of Argentine land.
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