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Domain of a company in administration transferred (illegally?)

Discussion in 'Domain Name Disputes' started by johncosta, Jun 22, 2017.

  1. johncosta United Kingdom

    johncosta New Member

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    Hi,

    I'm after some advice on acquiring the domain name of a company in administration (generic descriptive name).

    The domain was originally registered in the company name. However, AFTER the administrators took control of the company, the former director transferred it into his own personal name.

    I am of the understanding that the domain would belong to the administrators and the director would not have have been allowed to transfer it.

    Has anyone had experience of as similar situation? Is he allowed to transfer the name after administration?

    Thanks in advance
     
  2. Domain Forum

    Acorn Domains Elite Member

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    articles.co.uk
     
  3. invincible

    invincible Well-Known Member

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    Ask the administrators what they think. If you're not a party to the situation you've obviously not been wronged. The issue is between the director and the administrators of the company.
     
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  4. ian

    ian Well-Known Member

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    Very possible that the owner could prove he's entitled, or acquired from the company for a nominal fee.
     
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  5. Edwin

    Edwin Well-Known Member Exclusive Member

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    The director could also be a creditor, and first in the queue to recover what few assets are left.
     
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  6. keys United Kingdom

    keys Well-Known Member Full Member

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    If you are simply frustrated by lost opportunity to acquire the domain in asset liquidation, then best to move on. Otherwise contact the new Registrant and try to negotiate a deal.

    Unless the company bought the domain in the first place, it is likely to have little value in the accounts. If you are a creditor of the company you could question sale to a director, but small chance of any return.
     
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  7. TallBloke

    TallBloke Active Member

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    Let it go. Or make an offer to new registrant.

    You're not party to any agreements made with the administrators and in my experience you get nowhere chasing after domains in this situation.
     
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  8. Skinner

    Skinner Well-Known Member

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    Buying from an Adminsitrator is like selling Coke to Pablo, they just aint interested. Move on.
     
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  9. dnauctions

    dnauctions Active Member

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    The domains may have never been listed as assets of the company, and therefore transferring them would be fine. Ultimately you only have two choices, contact the director and make an offer or move on.
     
  10. Murray

    Murray Well-Known Member

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    I was once told the contract they would have to write to sell me a domain would cost £1000 :| lol
     
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  11. bluerock

    bluerock Well-Known Member Full Member

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    I had to pay the same once but thankfully the name was worth it.

    Other time I got a great name for £200 so just depends on the liquidator. Haven't used this path for a few years though.
     
  12. Murray

    Murray Well-Known Member

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    Ahh, yeah if it was a xx,xxx name then it would be worth it even if they're taking the piss with £1000 for the contract

    I'm trying to remember what the name was, it was a single word but not a great one, £1000 was getting to be about the limit I would have been willing to pay in total.
     
  13. bluerock

    bluerock Well-Known Member Full Member

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    What pissed me off about them was they quoted a cost up to a maximum of £950 + vat as they hadn't done one before. This is when you had to get tx forms from Nominet etc.
    When they sent the bill it was bang on £950 + vat!!
     
  14. ian

    ian Well-Known Member

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    I don't know, I've purchased a few that way, but as Murray said, there does seem to be a default "not doing anything for less than £750/£1,000" attitude.
     
  15. gimpydog United Kingdom

    gimpydog Active Member

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    I once offered a big accountancy firm £20k+ for a uk domain they didn't even know was owned by the firm they were liquidating.

    After jumping through loads of hoops & endless bullshit, nothing came of it.

    I suspect most liquidation/insolvency situations are dealt with by a nod & a wink in vape-filled rooms. That one was.
     
  16. bonusmedia United Kingdom

    bonusmedia Well-Known Member

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    I tried this once, made a very generous 4 figure offer, the liquidator asked the ex owner what they thought it was worth, they said £50K and held onto it.
    In fact that liquidation took over 3 years, as far as I can tell the owner was delusional and they milked her for fees
    Later sold at auction for less than I offered, sadly they didn't bother telling me about the auction
    Incompetence is everywhere
     
  17. bonusmedia United Kingdom

    bonusmedia Well-Known Member

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    Actually I'm after a name now that's registered to a company that was bought out and shut down, they keep renewing in the name of the non-existent company though.
    Wonder what the rules on that are, suspect if I pushed anything with Nominet they'd just change the registrant
     
  18. ian

    ian Well-Known Member

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    Well things use to be very different (and is why I was able to continue with domains in the earlier days), but now, if you report to Nominet, they will contact the owner, and failing that, they will just suspend the domain until the natural expiry/cancellation date. The owner will not be able to renew it until the ownership is validated.
     
  19. keys United Kingdom

    keys Well-Known Member Full Member

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    Slightly off topic. There are thousands of orphan .com's repeatedly renewed by Registrars, where Registrants have dissolved or lost touch. A senior figure at one large Registrar has said that they will be releasing these domains soon, but no clear pricing as yet. I have mentioned the long running pursuit of a domain in previous posts.
     
  20. Edwin

    Edwin Well-Known Member Exclusive Member

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    Some registrars transfer them to themselves under their favourable-to-registrars Terms and Conditions.
     
  21. dnauctions

    dnauctions Active Member

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    I love this, its like the betterforme inclusions i put in my contracts. Anytime i want to change a contract, its always because its betterforme. hahaha