Long Arab bank domain name value

[richoil]

Hi there,

I'm fairly new to the c-squatting scene, so I have a few daring questions.

When I do a domain name availability search for any Saudi Arabian/Qatar/Dubai bank name like:

emiratesglobalislamicbank.com
alhilalislamicbank.com
nationalbankoffujairah.com
nationalbankofrasalkhaimah.com
nationalbankofummalqaiwain.com
qatardevelopmentbank.com

then I see that they are all taken, even though the banks' real website is at a shorter .co.ae arabian domain.

1) If, hypothetically speaking, a non-american non-arabian foreigner should be able to find another arabian bank's .com domain open for the taking, what legal issues will there be if he/she buys the domain?

2) What is the possible $ value of such a domain if the holder wants to sell it?

3) How would you recommend the holder go about selling this type of domain?


Your advice is kindly appreciated.

 

[adinfinite]

You are asking for trouble friend. Leave those alone. And go to google and search the terms "ICANN UDRP" All the best.

 

[the_poet]

1) They would lose the domain with a 100% probability.
2) This kind of domains obviously has no value (nobody would spend $$$ for a law-infringing domain).
3) I'd recommend them to drop it ASAP.

 

[Kate]

Hi there,

I'm fairly new to the c-squatting scene, so I have a few daring questions.

LOL you think domaining = cybersquatting. You came to the wrong place :O

 

[the_poet]

LOL you think domaining = cybersquatting. You came to the wrong place :O

Yes, not an outstanding debut

 

[richoil]

Thank you for the sound advice.

Please humor me while I flog the dead horse, but let's get a little dirty and talk shop. I was under the impression that a party would only resort to the UDRP when a squatter holds a domain hostage, where he won't let it go or an inordinate amount of money is asked as compensation.

It has to mean something that some multi-billion dollar arab banks did not show the foresight to register their .com domains, and that someone beat them to the punch.

I know of someone that recently bought a number of the previously mentioned sites on namecheap.com for $9.69 a piece. She said that there is no refund mechanism to just 'return' the sites. Now she is reluctant to let them go at a loss and she is considering keeping them. I guess she hopes that there would be an opportunity for her in the future to get at least what she paid for the domains back, without ever taking the domains hostage and always being willing to let them go freely.

Do you have any advice on how she could 'drop it ASAP', without losing the $9.69 she paid?

When I was doing whois searches on some of those bank .com domains I saw several that were held by obvious cyber squatters, what do you guys think those squatters are aiming for?

Thank you again for the advice.

---------- Post added at 02:33 PM ---------- Previous post was at 02:29 PM ----------

LOL you think domaining = cybersquatting. You came to the wrong place :O

I knew I had something wrong there :bah: I did not mean to trigger any nerves there, and I apologize, I know you all run respectable domaining gigs.

---------- Post added at 03:13 PM ---------- Previous post was at 02:33 PM ----------

If a domain holder redirects his domain to the legitimate bank website, then outside of the USA, according to Paragraph 4 b) of the ICANN UDNDRP ( ICANN | Uniform Domain Name Dispute Resolution Policy ) a complaint cannot be filed.

"A panelist will look at the evidence supplied by the complainant, which must include proof that the domain name was registered to sell to the mark owner, or to disrupt the business of the mark owner." - Anti-cybersquatting Law: Facing Cybersquatters – Policies for Domain Name Dispute Resolution | Suite101.com

Why would a party pay $1500 and up to file a complaint when the domain holder is willing to freely transfer the domain to the complainant for much less than $1000?

"Both fees and the burden of proof are the responsibility of the complainant. Still, using the UDNDRP to arbitrate a domain name dispute is less expensive than filing a lawsuit and hiring an anticybersquatting attorney. The WIPO for example, charges $1500 to review cases for one to five domain names." - Anti-cybersquatting Law: Facing Cybersquatters – Policies for Domain Name Dispute Resolution | Suite101.com

 

[the_poet]

Do you have any advice on how she could 'drop it ASAP', without losing the $9.69 she paid?

Some registrars allow you to get a refund within 3/5 days (I did it successfully once with GoDaddy).

I was under the impression that a party would only resort to the UDRP when a squatter holds a domain hostage, where he won't let it go or an inordinate amount of money is asked as compensation.

The squatter isn't entitled to ask for anything. It's up to the claiming party: if they want, they could pay you a reward as a sign of thankfulness.

When I was doing whois searches on some of those bank .com domains I saw several that were held by obvious cyber squatters, what do you guys think those squatters are aiming for?

TROUBLE!