WIPO CONTINUES EFFORTS TO CURB CYBERSQUATTING
WIPO's Arbitration and Mediation Center has handled a total of over 7,000 disputes, involving parties from 124 countries and covering over 12,500 domain names since the UDRP went into effect in December 1999. Frequent users of the UDRP include the entertainment industry, pharmaceutical companies, IT firms and a significant number of small-to-medium-sized businesses who favor the UDRP over traditional litigation considering it to be a far quicker and cheaper way of protecting their trademark rights against cybersquatting.
Most disputes concern international domains, with .com representing over 80% of names involved.
More facts: WIPO Press release, Feb. 18, 2005.