Milei is the new president-elect of Argentina: renowned lawyers react to the libertarian’s victory

The news of Javier Milei’s victory in the elections in Argentina surprised the political establishment, but also the legal sector. Upon hearing the news of the libertarian’s victory with 55.69% of the votes, many prominent lawyers expressed their opinions on the future of the country’s politics.

Pablo Artagaveytia of Marval, leading Argentine law firm, shared his views on Monday: "Yesterday, Argentines voted for a democratic change of high impact in the region that seeks to change the traditional way of doing politics. The road will not be easy, but the hope expressed at the polls invites us to believe", said the partner of the firm and member of the Corporate and Mergers & Acquisitions practice area.

Hugo Bruzone, partner of Bruchou & Funes de Rioja and head of the Banking Law and Capital Markets Department, stated: "Milei’s victory by more than 11% over his opponent Massa exceeded all forecasts".

"Massa, who had come first in the general elections of October with 36.68% of the votes, obtained 44.39% of the votes in the second round, far behind his rival".

"It remains to be seen whether this resounding victory will give him the necessary political backing to implement the ambitious pro-market reform plan he expressed during the campaign, given that he will not have parliamentary majorities of his own", added Bruzone.

Among the measures proposed by Milei are the dollarization of the economy, the privatization of public enterprises such as oil company YPF, the abolition of the Central Bank, and the end of foreign exchange restrictions.

María Alexia Aurelio, founding partner of Aresco Abogados, said: "Argentina took a bet on change. It will surely be difficult and hard to implement it, but society has shown its willingness to try".

Juan Javier Negri, founding partner of Estudio Negri & Pueyrredon, pointed out: "I believe that Milei’s voters do not agree 100% with everything he proposes, but they are 100% against everything Massa defends and represents".