More domain names to be announced by ICANN

ICANN is going to create hundreds of new domain name suffixes so as to dilute the attraction of .com and .net

The new domains will cover a wide range including regions and cities (.africa, .london and .tokyo), commerce (.news and .hotel), not-for-profit (.eco and .green) etc.

Many large companies have objected to the plans since it is seen as a potential risk to their trademarks and could cost a substantial amount Рup to US$2 million Рin new domain registrations to protect them.

Anyone wanting to set up one of the new domains is also going to have to pay a lot, starting with a basic US$185,000 fee to be paid to ICANN, and some of the names could result in bidding wars between rival interest groups.

The total number of registered domain names now exceeds 220 million.

[Source - Financial Times]

This entry was posted in International Business, Internet Law by Giles. Bookmark the permalink.

About Giles

Giles is the founder and managing director of ContractStore. It was his idea to set up a company selling documents online and he has played a major part in the company's development. He is an English solicitor, with over thirty years' experience of drafting and negotiating commercial and construction contracts in the UK and overseas. Giles has long been convinced that there is a quicker and simpler approach to the delivery and supply of most contracts, and he is an active proponent of the use of plain English in legal documents. He specialises in the drafting of construction and engineering contracts and as well as contributing contracts to the ContractStore website, he is co-author of the JCT Constructing Excellence Contract and of 'Exporting Made Easy' with Simon Bedford.

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