Supreme Court reinstates limits on foreign land ownership

Argentina’s Supreme Court temporarily reinstated restrictions on foreign ownership of rural land by suspending an article in President Javier Milei’s 2023 mega-decree that struck down the Land Law. The law, which was passed in 2011, caps foreign land ownership at 15%. The justices’ decision comes 10 days after the same court lifted all limits on the purchase of land by foreigners in a ruling that reinstated the controversial article from Milei’s decree. That verdict had caused a public outcry, leading opposition lawmakers to propose rejecting the whole decree 70/2023. The new ruling by the…