A Turkish court has cancelled an Istanbul building project backed by Prime Minister Tayyip Erdogan which provided the trigger for nationwide anti-government demonstrations last month, a copy of the court decision showed.
Authorities may well appeal against cancellation of plans for a replica Ottoman-era barracks on Istanbul’s Taksim Square. But the ruling marked a victory for a coalition of political forces and a blow for Erdogan, who stood fast against protests and riots he said were stoked by terrorists and looters.
Can Atalay, a lawyer for the Chamber of Architects which brought the lawsuit, said the administrative court ruled in early June at the height of the unrest that the plan violated preservation rules and unacceptably changed the square’s identity. It was not clear why it had only now been released.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.