2012-04 - Domain Name Eligibility and Allocation Policy Rules for the Open 2LDs
Schedule A, point 5:
"5. Renewal of a domain name licence at the end of the two year period is dependent on the registrant continuing to meet the eligibility and allocation rules for the relevant 2LD. "
Company closes / business name deregistered etc.; no longer is the eligibility and allocation rules for the relevant 2LD met.
I wonder how many domain names are currently floating around that breach this based on companies closing down, business names not being re-registered etc. but the owners keep the domain name because of the value?
I also wonder if anything will ever be done about this?