Sex.com soon be sold for 13 million dollars

The domain name sex.com was offered for sale by its current owner Escow LLC in July 2010. The reason for the sale was the bankruptcy that the current owner was facing. The domaine name was put up for sale via Sedo, a domain name auction website and the biddings begun immediately. Finally there were 12 bidders left and now an offer of 13 million USD has been made to buy this name.

This final bid was made by Clover Holdings, a company situated in the island of Saint Vincent. ‘Our debtor has negotiated hard and in good faith to get to this bidding,’ says Jeffrey Dullberg, the lawyer of Escom LLC. ‘The agreement reflects given-and-take and compromises by both sides,’ adds the lawyer.

Escom LLC bought the domain name sex.com from the previous owner in 2006 for an amount between 12 and 14 million dollar. Now they’ll soon receive 13 million dollar for this domain. ‘Due to the bankruptcy Escow LLC is facing, it’s important that the domain name can be sold as soon as possible. Therefore we’ll ask the bankruptcy court in California to recognize Clover Holdings as the winning bidder and to proceed to the sale,” say the lawyers of Escow LLC. The lawyers have asked for a hearing on October 27th 2010.

According to Sedo, the auction site which helped selling this domain, the new owner is about to buy the goose with the golden eggs. ‘This is a unique opportunity to become market leader’.

Of course 13 million dollar is a hugh amount but if you take into account that the first owners of sex.com earned 500.000 USD per month from the ads on the site, Clover Holdings will soon have re-earned this 13 million.

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This post was written by lieve on October 21, 2010

PNINA introduces Arabic IDN extension

Since October 15th it’s possible to register a domain name under the extension .falasteen. This is an Arabic IDN extension which means Palestine. PNINA (.ps registry) is very pleased to be able to offer this extension.

On October 15th the sunrise for this extension begun. During this sunrise owners of a registered trademark get the possibility to registrt their name under this extension. The sunrise will end on November 30th 2010.

As from January 1st 2011 everyone who wishes to do so, will be able to register a domain name under this Arabic extension.

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This post was written by lieve on October 19, 2010

Court of Appeal in Brussels stops domain pirate

At the end of September, the Court of Appeal in Brussels passed a verdict regarding a Chinese student. She had hijacked more than 10.200 .eu domain names. The Court judged that the student had registered those names in bad faith. ‘The only motivation to register those names was to make a hugh profit by selling those names,’ stated the Court.

The Chinses student had hijacked more than 10.200 .eu names from several European companies. She had set up an ingenious system which registered the names when they became available for registration right after the sunrise period.

When the .eu extension was launched, this release started with a sunrise. This sunrise commenced on December 7th 2005 and ended on April 6th 2006. During this sunrise, companies were given the possibility to register their registered trademark or company name under the .eu extension. To do so, they needed to prove the requested name resembled their registered trademark or company name.  If the companies couldn’t submit the requested documents, their application was rejected.

After the sunrise period followed the landrush. During this landrush, everyone who wished to do so, could register a .eu domain name. And that’s exactly where the Chinese domain pirate took advantage of. Through her system she registered on a large scale domain names of which the application was initially rejected during the sunrise. And her system worked! She was able to register more than 8.000 .eu-names on the first day of the landrush. All those names had initially been rejected during the sunrise.

The Chinese student hijacked the names of for instance KatoenNatie, Charleroi Airport and Arcelor. But also car company Bentley, designer Olivier Strelli, cook Jamie Oliver, composer Andrew Lloyd Webber, tour operator Thomas Cook and organisations such as Rotary appeared on the list of this domain pirate.

The companies which became the victim of this student had two choices: they could start a juridical procedure against her in order to get their domain name back. Or they could buy their domain name of her for much more money than the original registration price. At least 1.400 companies paid the student to get their domain name back.

However some of the victims contacted EURid (.eu-registry) asking if the registry couldn’t do something against these practices. EURid decided to block the involved names so the student couldn’t sell them anymore. Of course, the student wasn’t amused with this blockage. She started a procedure against EURid at the Court of Appeal in Brussels so EURid would be forced to end the blockage. However, at the end of September, the Court agreed with EURid.

According to Tom Heremans, the lawyer of EURid, it can still take a while before these .eu domain names will be released again. ‘We first want to make sure the student isn’t going to go into higher appeal,’ says Heremans.

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This post was written by lieve on October 13, 2010

Release .co.no

In November 2010 it will become possible to register a .co.no domain name. This domain offers an alternative for .no domain names. However, this domain can be compared with the .co.nl extension. So it is not an official extension which will be released by the Norwegian registry, but an unofficial alternative for the .no extension released by the owner of the domain name co.no. This is also strongly emphasized by Norid (.no registry). Names registered under the .co.no domain have nothing to do with the registry and the registry itself isn’t responsible if something goes wrong with those names.

In November 2010 the sunrise for this extension will begin. During the sunrise, owners of a registered trademark get the chance to register this name under the .co.no domain. Later, the landrush and general availability will follow.

By using .co.no as a new extension it will become easier to register a ‘Norwegian’ domain name for individuals and businesses who previously did not qualify. Due to the strict rules for direct registrations under .no, it isn’t that simple to register such name. However some companies offer local presence under the .no extension which makes direct registrations under this extension not completely impossible for foreign companies.

Moreover, the Norwegian registry also cleary states that when the owner of the name co.no fails to fulfill his obligations to Norid, the domain name will be removed. This means that all subdomains under that name (and therefore all .co.no names) will be automatically removed. Moreover the name co.no is listed as a ‘reserved .no domain name’. This means that the name can never be transferred to another owner. The current owner of co.no is a Norwegian company which lends out this domain name to coDNS in the Netherlands. As this Norwegian company ceases to exist, it will be impossible for coDNS to keep the name co.no (and all .co.no domain names) active.

You can read the full statement of the Norwegian registry here.

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This post was written by lieve on October 8, 2010

Nominet releases 1 and 2 character domain names

Nominet (the .uk registry) announced a while ago they will release 1 and 2 character domain names before the end of 2010. The complete details about how this release will take place, will be made available by Nominet on November 1st 2010.

Meanwhile bNamed.net has signed in with Nominet on a list of registrars who will have the permission to register 1 and 2 character domain names. Once we have received, on November 1st, the full report about how this release will be processed, we’ll obviously keep you posted.

We also like to already give you an overview of all the names which will be released.

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This post was written by lieve on October 7, 2010

1 million .se names and 3 million .ru names registered

A few days ago the millionth .se domain name was registered. Obviously, the Swedish registry is very pleased about this. The registrations of .se domain names rose quickly after the rules for registering a .se domain name have been relaxed in 2003. From then on, it was also possible for indivduals to register a .se domain name. This turned out to be a great move, since between 2003 and 2004, the number of active .se registrations doubled (from 106.349 to 214.389) and in 2006 there were already 500.000 .se domain names were registered. Now, in October 2010, the milestone of 1 million names has been reached.

Also the Russian registry has reason to be pleased. On Monday October 4th 2010, they sent out a message to inform everyone .ru registrations had exceeded the milestone of 3 million registrations. Of course the Russian registry is very excited about this. The growth of .ru domain names rose significantly since 2006 and especially in 2008 when over 700.000 new .ru domain names were registered.

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This post was written by lieve on October 5, 2010