The independent auditor assessing applications by organisations keen to take over as operator of the .net top-level domain has recommended that current operator VeriSign retain control of the domain.
The .net registry is up for grabs because VeriSign's registry agreement with ICANN, the body that manages the internet's domain name system, expires on 30th June 2005.Five organisations applied for the job: VeriSign, which controls .net and .com; Frankfurt-based DENIC; Afilias, currently responsible for .info; the Sentan Registry, a joint venture between the operators of the .jp and .biz domains; and CORE++, a global consortium of domain registrars, registry operators and telecommunications and networking technology companies.ICANN was forced to name an independent auditor to supervise the bidding process, in light of an ongoing antitrust battle between ICANN and VeriSign, and in February appointed telecoms software and service provider Telcordia Technologies to the task.On Monday Telcordia released its recommendations, announcing that VeriSign had just edged ahead of its rival Sentan, achieving an "exceeds requirements" mark in 14 high priority categories, while Sentan managed this in only 12. Afilias came third, with DENIC and CORE++ following."All of the vendors have the capability to run the .net registry," says the Telcordia report. "The distinguishing characteristics are largely differences in experience, risk, and price."ICANN has made the Telcordia report available for review by the industry, and is now proceeding to negotiate the new registry agreement with VeriSign.The new contract, which will take effect from 1st July, is due to run for six years.
The substantial shareholding exemption (SSE) applies to companies and exempts certain gains that would otherwise be subject to UK corporation tax following a disposal of shares.
Most contracts for construction works will include an extension of time mechanism, whereby the contractor will be entitled to an extension of time to the agreed completion date – the date by which the works must be completed – in circumstances where there are delays to a project which are not the contractor’s fault or for which the employer has taken the risk.
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