UDRP Needs Reform

Domain investors can be easily victimized by the UDRP (Uniform Domain-Name Dispute-Resolution Policy) as composed & implemented by ICANN, the Internet Corporation For Assigned Names and Numbers.

The World Intellectual Property Organization (WIPO) seeks to arbitrate & mediate the problems of domain name and trademark disputes, but the system is still deeply flawed. Frivolous efforts to steal domain properties are expensive to defend, with respondents bearing substantial costs even if completely "winning" (achieving a finding of Reverse Domain Name Hijacking).

Those who've made big profits from domain speculation could better assist the industry's defense. Successful responses to UDRP Panels can be referenced and utilized helpfully by others being attacked,  but there are still substantial legal convolutions that trouble non-specialists.

It would be reasonable to require those initiating a dispute to deposit a bond of $2000 to $5000, which is claimed by respondent in findings of Reverse Domain Name Hijacking.