But council lawyers said the decision was "rational, made with great care and was based on a full appreciation of the obligation to act within the law" and the judge ruled in the authority's favour.
In a statement the Council said it "notes with deep regret that Turkey, despite repeated calls, continues refusing to fulfil its obligation of full, non-discriminatory implementation of the Additional Protocol" - a reference to the Turkish boycott of customs arrangements with Cyprus.
All that being said, I have an obligation to present the full picture and it is clear that among many stockbrokers is a belief that they are unfairly singled out for disclosure where other professionals are not.