From Buenos Aires Times · · 40s
Supreme Court Restores Foreign Land Ownership Limits
Argentina's Supreme Court temporarily reinstates 15% foreign land ownership cap after President Milei's repeal.
In brief
Argentina's Supreme Court temporarily reinstates 15% foreign land ownership cap after President Milei's repeal. Argentina's Supreme Court suspended President Milei's repeal of a 15% foreign land ownership limit through emergency decree, pending further legal review. Originally reported by Buenos Aires Times.
Supreme Court Action
Argentina's Supreme Court provisionally restored a 15% foreign land ownership cap on rural property.
Milei's Repeal
Milei repealed the 15% rural land ownership limit through emergency decree 70/2023 in 2023.
Legal Challenge
The court suspended Article 154 of the decree pending review by Árbol de Pie and other claimants.
Environmental Concerns
Environmental groups argued scrapping the limit would harm natural heritage and biodiversity.
“negatively impact the preservation of natural and cultural heritage, as well as biological diversity”
Here's the gist
Argentina's Supreme Court suspended President Milei's repeal of a 15% foreign land ownership limit through emergency decree, pending further legal review.
