Nov 30 2009 |
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Cyber Squatters Target Emaar Development
DUBAI -- Internet domain names relating to the King Abdullah Economic City project in Saudi Arabia are being sold on eBay for as much as Dh2.2 million.Cyber squatters have snapped up a clutch of domain names related to the Dh293 billion Emaar project before they could be registered by the developer and are selling them at a premium.
Philipp Redeker, a German national who is selling the domain names online, said there was little risk that the developer would take legal action.
"The sites and the names have no copyright," he said. "I talked to my advocate before I invested in them.
"Holding domain names containing elements of our trademarks is a violation of our Intellectual Property rights and Emaar Properties will initiate legal action against cyber-squatters," the statement said.
"In disputes, the first test is to determine whether it has a 'confusing similarity' to the trademark. It doesn't have to be exactly the same, as long as it contains elements of the trademark.
"The second is whether he is using it in bad faith. If he is just buying it to sell on, then it is a straight-forward process." It costs around Dh3,600 to take a claim through WIPO's dispute resolution centre, which can result in a transfer of the registered domain name back to the trademark owner.
However, a smaller number of companies take the matter through the courts, although it is often significantly more expensive and time consuming.
By Martin Croucher
© Khaleej Times 2009
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