Court made this decision upon an appeal by Republican People's Party (CHP-main opposition).
Court cancelled three paragraphs of the law on direct foreign investments (FDI) that allows foreign companies or joint ventures to acquire real estate in Turkey.
Court ruled that its ruling will go into force 6 months after its publication in the Official Gazette.
Sources said that the court would release, in a couple of days, the reasoning of its decision. The acquired rights of foreign companies will be preserved, they added.
Last Mod: 13 Mart 2008, 12:26