.eu ‘warehouse’ syndicate
p2pnet.net News:- EURid, the non-profit organisation operating the top level domain .eu, says it’s suspended 74 000 .eu domain names and sued 400 registrars for warehousing.
A syndicate of registrars systematically, “acquired domain names with the obvious intent of selling them” says the organization, going on:
“In this case we are convinced that the domain name holders of the 74 000 .eu names (Ovidio Ltd, Fausto Ltd and Gabino Ltd) are acting as a front for a number of registrars. The domain name holders and the registrars can be regarded as one and the same. Since registrars should only register domain names for existing customers and not ‘warehouse’ the names in order to resell them at a higher price, this is clearly in breach of the registrar contract."
EURid says it constantly monitors the registrations of .eu domain names in order to make sure .eu domain name holders are based in the EU zone. Similarly, it verifies, "that all accredited registrars are acting in the best interest of the end user in accordance with their contract with EURid".
A handful of .eu domain names have already been suspended as their holders have not been able to show that they are based within the EU and the outcome of the suspended domain names now awaits a court decision.
"EURid would later like to make the names available for registration again," it adds.
Also See:
EURid – EURid suspends 74 000 .eu domain names due to breach of contract, July 24, 2006
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