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In early August 2020, the IRP panel held a hearing on Afilias’ claims.
−Removed: On April 7, 2021, the IRP panel formally declared the IRP hearing closed.
−Removed: Under the applicable arbitration rules, the IRP Panel should now issue a final decision within 60 days from this date.
+Added: The IRP panel delivered its final decision on May 20, 2021.
+Added: Consistent with Verisign’s position, the IRP panel dismissed Afilias’ claims for relief seeking to invalidate the .web auction and to award the .web TLD to Afilias, concluding that such issues were beyond the IRP panel’s jurisdiction.
+Added: Furthermore, as Verisign expected, the IRP panel’s ruling recommends that ICANN’s Board of Directors consider the objections made regarding the .web auction and then make a decision on those objections and the delegation of .web .
+Added: With respect to ICANN, the ruling finds that certain actions and/or inaction by ICANN in response to Afilias’ objections violated aspects of ICANN's bylaws related to transparency and fairness.
+Added: On June 19, 2021, Afilias filed an application to the IRP panel requesting that it interpret certain terms of, and make certain amendments to, the final decision.
+Added: Verisign believes Afilias’ application is an unmeritorious request for reconsideration, which is not permitted under the applicable rules.
+Added: Verisign expects the IRP panel to rule on Afilias’ application in Q4 2021.
+Added: Verisign anticipates that once the IRP panel has ruled on Afilias’ application, ICANN’s Board will proceed consistent with the IRP panel’s recommendation to consider the objections and make a decision on the delegation of .web .
We are also involved in various investigations, claims and lawsuits arising in the normal conduct of our business, none of which, in our opinion, will have a material adverse effect on our financial condition, results of operations, or cash flows.
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.