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[POLITICS] · Argentina · 60 sources

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Argentina Supreme Court removes limits on foreign rural land ownership FAST-MOVING

The Supreme Court of Argentina has revoked a previous ruling that had declared Article 154 of Decree 70/2023 unconstitutional. This decision effectively reinstates the repeal of the Rural Land Law (Law 26.737), which previously imposed strict limits on foreign ownership of rural property.

The former law restricted foreign individuals and entities from owning more than 15% of rural land at national, provincial, and departmental levels, and included a 1,000-hectare limit in the core zone. With the revocation of the injunction, these restrictions are no longer in effect, opening the agricultural market to unrestricted foreign investment.

The Court's decision, signed by judges Horacio Rosatti, Carlos Rosenkrantz, and Ricardo Lorenzetti, was based on the finding that the plaintiff, the Centro de Ex Combatientes Islas Malvinas La Plata (CECIM), lacked the legal standing to bring the collective action. The justices argued that territorial sovereignty is an attribute of the State and does not constitute a collective right under Article 43 of the Constitution that would allow for such a lawsuit.

The ruling has sparked significant political controversy. Opposition leaders and the CECIM have criticized the decision, arguing it puts national sovereignty at risk and allows for the uncontrolled sale of strategic territory. Meanwhile, the government is reportedly considering legislative strategies to further protect the decree from future challenges.

Entities

Argentina · CECIM · CECIM La Plata · Carlos Rosenkrantz · Centro de Ex Combatientes Islas Malvinas La Plata · Horacio Rosatti · Javier Milei · Ricardo Lorenzetti · Supreme Court of Argentina · Supreme Court of Justice of the Nation

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