To my friends,
I have a fairly good familiarity with the law, but a question has occurred
to me for which I do not know the answer.
Let us say that
ICANN gives .Web to Afilias, after Afilias indemnifies ICANN for any legal awards.
Let us now say that a GM or Tobacco type jury rules against ICANN,
and the jury assesses damages in excess of all of the insurance for Afilias as a
whole, all of its members individually, and all of the net worth of Afilias as a
whole, and all of its members individually.
My question
is, could ICANN be required to pay the excess, even after indemnification, if Afilias
and all of its 19 individual members are thrown into bankruptcy?
Does anybody know?
Eliahu