In the UK a new law passed at then end of last year and which will take effect this summer effect domain names.
The Digital Economy Bill, contains a provision that gives the Britsh Government the ability to intervene in domain name registration disputes and registrations.
Under the Bill Secretary of State may intervene in “.uk” domain name registration where there has been a misuse of domain name registration procedures and the registry has failed to deal adequately with the abuse.
The Bill enables the Secretary of State to intervene in cases where the registry has been unable to satisfactorily resolve a domain name registration dispute or where “further measures are deemed to necessary for the wider public benefit.”
Under the Bill abuses in which the Secretary of State may intervene include cybersquating, misleading domain names or spamming.
Presently “.uk” domain registrations and disputes are handled and resolved by Nominet, making the industry self-regulating.
I don’t own any .Uk domains, but if you do you need to check out this bill in detail and see how it may effect you.