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Web Hosting News News about Latest Happenings in the WebHosting Industry. Also News about Dedicated Hosting and Hosting Service Providers

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Old 03-02-2006, 10:26 PM
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Lightbulb ICANN - VeriSign Dispute Settled

On February 28th, ICANN's Board of Directors approved, by a majority vote, a set of agreements settling a long time dispute between ICANN and VeriSign, the registry operator for the .com registry.

ICANN's Board voted 9 to 5 in favor of the settlement agreements with one director abstaining. These settlement documents include a new registry agreement relating to the operation of the .com registry. The new .com registry agreement will now proceed to the U.S. Department of Commerce (USDOC) for final approval, and the entire settlement is dependent upon this approval before it is finalized. USDOC approval is required due to the unique history of the .com generic top-level domain and it is the only gTLD, which requires such approval.

Meanwhile, VeriSign announced that it is pleased at the ICANN Board's approval and looks forward to working with the Department of Commerce towards final approval of the new .com registry agreement. The company stated that the new -- This message may have been cut off and the rest will only be shown to members. To become a member, click here --
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