Telegraph.co.uk is out with an article that there has been an over 300% increase in the number of TM disputes. The article equates the increase in disputes with the introduction of the new gtlds.
From the article:
The release of hundreds of new web address endings over the last eight months has contributed to a 313pc increase in the number of “cyber-squatting” disputes, it has emerged.
The internet industry regulator ICANN (The Internet Corporation for Assigned Names and Numbers) is currently in the process of introducing more than a thousand new web address endings, known as generic top-level domains.
These will allow businesses and individuals to create web addresses using alternatives to “.com”, “.co.uk“, and “.org”. They can already choose from a wide range of suffixes or “domains” – including “.vodka”, “.london”, and “.toys”.
Law firm Hugh James explains that so-called “cyber squatters” buy addresses similar to those of well-known companies, or which they anticipate that companies may want in the future.
Read the full article on Telegraph.co.uk