regulatory
confidence high
sentiment negative
materiality 0.60
VeriSign reports Altanovo files new ICANN challenge to delay .web launch
VERISIGN INC/CA
- Altanovo (formerly Afilias) filed a second ICANN CEP on May 3, 2023, after losing the .web auction in 2016 and subsequent appeals.
- ICANN Board on April 30 cleared .web delegation, finding Nu Dotco did not violate rules; Altanovo's new CEP puts process on hold.
- VeriSign blog states the CEP is baseless, noting prior frivolous filings resulted in millions in legal fees and years of delay.
- Altanovo lost the IRP, reconsideration request (sanctioned as frivolous), and Board vote; VeriSign calls the maneuver an abuse of process.
- Continued delay threatens Nu Dotco's rights and VeriSign's .web business; ICANN's multistakeholder process is being exploited.