Executive summary:
Turkish markets are bracing for the most significant court ruling in a series of cases over alleged irregularities and corruption since the main opposition Republican People’s Party’s (CHP) victory in last year’s local elections. If the Ankara court rules against the CHP, as most expect it to, Ozgur Ozel would be stripped of the party chairmanship. The court could then name a trustee to run the party or reinstate former chairman Kemal Kilicdaroglu. The court could also dismiss the case or postpone any ruling for further review to await the outcome of a separate court case on the congress, which has a hearing set for November 4.
Given President Recep Tayyip Erdogan has already defeated Kilicdaroglu in the 2023 elections, his reinstatement amid a waning popularity could lead to in-fighting within CHP ranks. Kilicdaroglu has previously said that he’s willing to return to the post if a court invalidates the vote that removed him. But Ozel warned that his return would be a “historic mistake.”