ICANN SELECTS NATIONAL ARBITRATION FORUM TO RESOLVE CYBERSQUATTING DISPUTES.The Internet Corp. for Assigned Names and Numbers (ICANN (Internet Corporation for Assigned Names and Numbers, www.icann.org) A non-profit, international association founded in 1998 and incorporated in the U.S. It is the successor to IANA (Internet Assigned Numbers Authority), which manages Internet addresses, domain names and the huge number ) has selected the National Arbitration Forum The National Arbitration Forum (FORUM) [1] is an alternative dispute resolution provider that was founded in 1986 [2]. The organization administers arbitration and mediation services. as one of two organizations in the world to resolve cybersquatting Registering an Internet domain name for the purpose of reselling it for a profit. One of the more notable transactions was the domain name wallstreet.com, which was registered in 1994 for $70 and sold for one million in 1999. disputes. In a typical cybersquatting case, one party registers the address of a well-known business in hopes of getting the business to purchase the address for a large sum of money. Currently, only The Forum and the United Nations' World Intellectual Property Organization (WIPO WIPO World Intellectual Property Organization WIPO World Intellectual Piracy Organization (satire website) WIPO Write in Poll Option WIPO Wing Information Protection Office (USAF) ) are empowered to hear and decide such cases. "This selection literally brings the courthouse to your desktop," Forum Managing Director Edward Anderson says. "At a time when the Internet offers the greatest opportunities and the greatest business threats, all users can be assured of timely access to justice for their trademark infringement grievances." ICANN (www.icann.org), a non-profit organization, oversees the assignment of Internet addresses. The organization was formed to take over responsibility for the IP address space allocation, protocol parameter assignment, domain name system management, and root server system management functions now performed under US government contract by IANA (Internet Assigned Numbers Authority, www.iana.org) An operating unit of ICANN (Internet Corporation for Assigned Names and Numbers) that serves as a registry for both IP addresses and for a variety of protocol numbers. IANA is not an ISP and does not provide any network services. and other entities. Under ICANN rules, cybersquatting cases -- where one party abuses another party's rights by holding a domain name that is confusingly similar confusingly similar adj. in the law of trade marks, when a trade mark, logo or business name is so close to that of a pre-existing trade mark, logo or name that the public might mis-identify the new one with the old trade mark, logo or name. to the other party's trademark or service mark -- will be resolved by a mandatory administrative hearing administered by the National Arbitration Forum or by WIPO. |
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