Hidden Cost of .eu Fiasco Over 10 Million Euros?

The hidden cost of the .eu fiasco to European businesses could be over 10 Million Euros. EURid’s validation operation, PwC BE has rejected over 61400 Sunrise applications. Each of these applications cost both time and money to European businesses to file and prepare. And getting affidavits and documentation together is not cheap. Those costs are unrecoverable and it seems that the application fees are not either.If the application fails the EURid/PwC BE “validation” process, there is no refund of fees. More than one .eu registar has mentioned this point.

Does this mean that EURid and PwC BE pockets the fees for the rejected applications? That’s tens of thousands of rejected application fees. That’s potentially millions of Euros. And these people get to keep the money?

And as for the lie that the Sunrise Phase was intended to prevent cybersquatting - EURid and PwC BE faciliated cybersquatting by awarding domains to warehousing operations with dubious subsequently discredited Benelux trademarks.

Tags: Irishblogs,.EU, Domains, .eu Fiasco, Internet Statistics, Eurid, Cyberwarehousing, domainnames

Written by John McCormac on September 21st, 2006 with 2 comments.
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