<div dir="ltr"><div class="gmail_default" style="font-family:comic sans ms,sans-serif;font-size:large">A question for clarification. </div><div class="gmail_default" style="font-family:comic sans ms,sans-serif;font-size:large"><br></div><div class="gmail_default" style="font-family:comic sans ms,sans-serif;font-size:large">I'm no lawyer but at one of these bespoke business schools the fella told me one thing that sticks. Trusts are created to hold and conserve property he says. I'm assuming the general meaning of trusts is shared by Massachusetts as California. So now, what is the property that is held? Would that be the [or a] contract?</div><div class="gmail_default" style="font-family:comic sans ms,sans-serif;font-size:large"><br></div><div class="gmail_default" style="font-family:comic sans ms,sans-serif;font-size:large">-Carlton</div></div><div class="gmail_extra"><br clear="all"><div><div class="gmail_signature"><br>==============================<br>Carlton A Samuels<br>Mobile: 876-818-1799<br><i><font color="#33CC00">Strategy, Planning, Governance, Assessment & Turnaround</font></i><br>=============================</div></div>
<br><div class="gmail_quote">On Thu, Jan 22, 2015 at 3:13 PM, Chris Disspain <span dir="ltr"><<a href="mailto:ceo@auda.org.au" target="_blank">ceo@auda.org.au</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div><span style="font-family:'Verdana';font-size:13px;color:rgb(102,102,102)"><div style="word-wrap:break-word">Greetings All,<div><br></div><div>Earlier today Paul Szyndler from auDA sent to RFP3 another alternative proposal (attached).</div><div><br></div><div>I have received a number of questions off list from some ccTLD colleagues and others and thought it might be helpful to address them all in this email to the CWG.</div><div><br></div><div>1. Are there legal issues with the Trust solution? I am not an expert in Californian law but as a lawyer I do know a fair bit about trusts and their structure. The proposal is workable in general terms but there may be nuances of Californian law generally, or specifically as it applies to Californian corporations like ICANN, which would make the proposed structure overly complicated or problematic. Like the 'contract co’ proposal and auDA’s original ‘golden by-law’ proposal I expect this to be put to independent legal experts who can advise on the merits of each of the proposals. </div><div><br></div><div>2. Isn’t creating a trust just creating 'contract co' by another name? No. My understanding of 'contract co’ is that it would be a separate legal entity owned by some, yet to be identified, group of shareholders. With the trust, ICANN would own the IANA function but declare in a legally binding document that it did so on trust for the relevant stakeholder community. And the Guardian of the Trust (see the proposal for details) would control the process by which ICANN could be replaced as trustee in a defined set of circumstances. This is thus an inherently ‘internal to ICANN’ approach.</div><div><br></div><div>3. Why would ICANN be the trustee? In simple terms because auDA believes in an 'internal to ICANN’ approach. We believe that ICANN should run IANA but that there should be the ability to move the IANA function away in certain defined circumstances. That is what this proposal (and our first ‘golden by-law' proposal) achieve and that’s what differentiates them from the ‘contract co’ proposal.</div><div><br></div><div>I know I don’t need to say this but for the avoidance of doubt, this is an auDA proposal. I have not discussed it with my fellow ICANN directors </div><div><br></div><div>I will not be on the RFP3B call Friday as I’ll be somewhere mid-air between Dubai and Melbourne. However, Paul Szyndler will be on the call and will happily enter into any discussion on the proposal and answer (or undertake to get answers to) any questions that may be raised.</div><div><br></div><div>I hope this is helpful.</div><div><br></div><div><span style="color:rgb(66,66,66)">Cheers,</span><br><div>
<p><br></p>
<p>Chris Disspain<span> </span><span>|</span><span> </span>Chief Executive Officer</p>
<p>.au Domain Administration Ltd</p>
<p>T: <span><a href="tel:%2B61%203%208341%204111" value="+61383414111" target="_blank">+61 3 8341 4111</a></span><span> </span><span>|</span><span> </span>F: <span><a href="tel:%2B61%203%208341%204112" value="+61383414112" target="_blank">+61 3 8341 4112</a></span></p>
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