Supreme Court ruling lifts limits on foreign land ownership

Argentina’s Supreme Court overturned a lower-court ruling on Tuesday that had blocked an article included in President Javier Milei’s 2023 mega decree that struck down the country’s Land Law. The law, passed in 2011, imposes limits on how much rural land can be owned by foreigners. While the ruling does not directly declare that the decree repealing the law is constitutional, its practical effects are that the limits on foreign ownership of land mandated by the land have been lifted. According to the ruling, the court’s three members — Horacio Rosatti, Carlos Rosenkrantz and Ricardo…