ANSA Mondo54 minutes agoLaw1 min readItalyView original

Backtracking by the Supreme Court in Argentina on the sale of land to foreigners

The court accepted the appeal of an environmental association, once again blocking the sale of land to foreigners provided for by the presidential decree.

javier milei supreme court land law

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The Argentine Supreme Court has reinstated a precautionary measure against Javier Milei's decree which liberalized the sale of land to foreigners, accepting the appeal of an environmental association to prevent irreparable damage.

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Why It Matters

Milei's decree, signed on December 20, 2023, aimed to deregulate the land market and labor. The constitutionality of the provision is the subject of judicial dispute.

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The Argentine Supreme Court today reinstated a precautionary measure against President Javier Milei's decree which canceled all restrictions on the sale of land to foreigners.

The decision of the highest court represents a sudden reversal compared to the sentence issued by the same Court only last week in which the precautionary measure was rejected and the decree brought back into force.

After rejecting the appeal of an association of ex-combatants from the Malvinas war as 'unproceeding', the judges of the Court today accepted the validity of the appeal of an environmentalist association, bringing the precautionary measure back into force "to guarantee effective jurisdictional protection and prevent the occurrence of irreparable damage".

Milei had signed the maxi decree which contained the repeal of the so-called 'Lands Law' (Ley de Tierras) on 20 December 2023, just 10 days after taking office as president. The constitutionality of the law - made up of 366 articles which also imposed drastic changes to the Labor Law as well as the derogation of several other laws - was contested by the opposition and is still being examined by the justice system.