On 20 December, Argentina's new ultraliberal president Javier Milei presented a decree of necessity and urgency entailing sweeping deregulation of the economy. The decree includes a radical reform of labour law, which the country's labour appeals chamber put a stop to on Wednesday 3 January with a precautionary measure. In its view, there was no urgency to justify the publication of a decree on labour law.
Announced by the president in a televised address on 20 December, the ‘decree of necessity and urgency’ (DNU 70/2023), quickly rechristened by the press as a “mega-decree” because of the number of sectors affected (rental market and mutual health insurance, international trade, supermarket prices, etc.) and the number of articles amended or repealed (366 in total), came into force on 29 December.
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