A peace treaty officially concluding World War I in the Middle East, signed between Turkey, heir to the defunct Ottoman Empire, and the Allied Powers, including Britain, France, Italy and Japan. The treaty was signed in Lausanne, Switzerland on 24 July 1923. It replaced the 1920 Treaty of Sèvres, one of the treaties signed in the wake of the Paris Peace Conference, that gave the Allies effective control over large parts of Turkey, following the Turkish War of Independence. The treaty contained a recognition of Turkish sovereignty in its current borders by the Allies, in exchange to an official waiver of Turkish claims to the rest of the former Ottoman Empire.