WebMagic Ventures, owner of Ace.com,
has won an arbitration brought against it by ACE Limited, an insurance
company. This is an extraordinary case given the value of the
underlying domain name and egregious assertions brought by ACE Limited.
However, the panel could not charge ACE Limited with reverse domain
name hijacking. This is just one of many three character domain names currently in dispute.WebMagic registered the domain name prior to ACE Limited’s first use
in commerce claim on its trademark for “Ace”?. However, ACE Limited
claimed common law trademark rights dating to 1985.The panel found that “ace”? is a common term and not exclusively
owned by ACE Limited. It didn’t hurt that WebMagic has a trademark for
the term ace for the class of services for which it is using the domain
name. WebMagic didn’t register the domain name in bad faith and is
using it for a bona fide offering of services.
Source: Domain Name Wire
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