Fergie's Tech Blog

EURid: Cybersquatters Can Get Rich if They're Quick

Via OUT-LAW.com.

Cybersquatters who broke the rules when registering .eu domains can be stripped of them at any time, says .eu registry EURid. But if they manage to sell their domains before being caught, they can keep the proceeds, according to the registry.

Bitter controversy has surrounded the 'sunrise' period of the new domain, launched in April. Several existing domain registrar firms, including GoDaddy, have accused US profiteers of using a lax EURid system to stockpile valuable domain names against its rules.

EURid now says that it will confiscate domains at any time if they are found to have broken the rules. "If we find that someone has provided inaccurate or misleading information in the registration then we will take that domain off them," said EURid spokesman Patrik Linden. "We can do that at any time."

posted by Fergie @ 6/23/2006 08:18:00 AM