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<p class="MsoNormal"><a name="_MailEndCompose">Mike,<o:p></o:p></a></p>
<p class="MsoNormal"><span style="mso-bookmark:_MailEndCompose"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="mso-bookmark:_MailEndCompose">Respectfully,  I don’t agree that  trying to prevent flooding of the  next round with applications for TLDs that are never intended to be operated and are solely for the purpose of getting a payout
 in a private auction only benefits a few very vocal members of the WG.  That objective seems beneficial to the community generally from my perspective.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="mso-bookmark:_MailEndCompose"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="mso-bookmark:_MailEndCompose">That said, I don’t agree with Ruben’s proposal and think that we need to be careful of creating limitations that might have unintended consequences including limiting innovation.  I think simpler
 mechanisms like a Vikrey auction will have better outcomes.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="mso-bookmark:_MailEndCompose"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="mso-bookmark:_MailEndCompose">Best regards.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="mso-bookmark:_MailEndCompose"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="mso-bookmark:_MailEndCompose"><b><span style="font-size:8.0pt;font-family:"Trebuchet MS",sans-serif;color:#003359">Marc H. Trachtenberg</span></b></span><span style="mso-bookmark:_MailEndCompose"><span style="font-size:8.0pt;font-family:"Trebuchet MS",sans-serif;color:black"><br>
Shareholder </span></span><span style="mso-bookmark:_MailEndCompose"><span style="color:#1F497D"><br>
</span></span><span style="mso-bookmark:_MailEndCompose"><span style="font-size:8.0pt;font-family:"Trebuchet MS",sans-serif;color:black">Greenberg Traurig, LLP | 77 West Wacker Drive | Suite 3100 | Chicago, IL 60601<br>
Tel 312.456.1020 <o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="mso-bookmark:_MailEndCompose"><span style="font-size:8.0pt;font-family:"Trebuchet MS",sans-serif;color:black">Mobile 773.677.3305<o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="mso-bookmark:_MailEndCompose"></span><a href="mailto:trac@gtlaw.com"><span style="mso-bookmark:_MailEndCompose"><span style="font-size:8.0pt;font-family:"Trebuchet MS",sans-serif">trac@gtlaw.com</span></span><span style="mso-bookmark:_MailEndCompose"></span></a><span style="mso-bookmark:_MailEndCompose"><span style="font-size:8.0pt;font-family:"Trebuchet MS",sans-serif;color:black">
 | </span></span><a href="http://www.gtlaw.com/"><span style="mso-bookmark:_MailEndCompose"><span style="font-size:8.0pt;font-family:"Trebuchet MS",sans-serif;color:#003359">www.gtlaw.com</span></span><span style="mso-bookmark:_MailEndCompose"></span></a><span style="mso-bookmark:_MailEndCompose"><span style="font-size:8.0pt;font-family:"Trebuchet MS",sans-serif;color:black">   
<o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="mso-bookmark:_MailEndCompose"><span style="font-size:12.0pt;color:#1F497D"><o:p> </o:p></span></span></p>
<p class="MsoNormal"><span style="mso-bookmark:_MailEndCompose"><span style="color:#1F497D"><img border="0" width="185" height="30" style="width:1.927in;height:.3125in" id="Picture_x0020_1" src="cid:image001.jpg@01D64E09.8B757050" alt="Greenberg Traurig"><o:p></o:p></span></span></p>
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<p class="MsoNormal"><b>From:</b> Gnso-newgtld-wg [mailto:gnso-newgtld-wg-bounces@icann.org]
<b>On Behalf Of </b>Mike Rodenbaugh<br>
<b>Sent:</b> Monday, June 29, 2020 11:26 AM<br>
<b>To:</b> Susan Payne <susan.payne@valideus.com><br>
<b>Cc:</b> gnso-newgtld-wg@icann.org<br>
<b>Subject:</b> Re: [Gnso-newgtld-wg] Auction of last resort and Private Resolutions<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal" style="margin-bottom:12.0pt"><b><span style="color:#0E0E3F">*EXTERNAL TO GT*</span></b><o:p></o:p></p>
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<p class="MsoNormal">I am in favor of more or less the status quo.  I don't think any real problem was proved in the last round, to support changing the rules this time.  It is better (more efficient, fast and fair) for everyone to play by the same rules we
 are accustomed to, rather than change them to benefit a few, very vocal members of this WG.<br clear="all">
<o:p></o:p></p>
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<b><span style="font-size:12.0pt;font-family:"Arial",sans-serif;color:#00853D">Mike Rodenbaugh</span></b><o:p></o:p></p>
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<b><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:#00853D">address:</span></b><o:p></o:p></p>
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<p style="margin:0in;margin-bottom:.0001pt"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">548 Market Street, Box 55819</span><o:p></o:p></p>
<p style="margin:0in;margin-bottom:.0001pt"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">San Francisco, CA 94104</span><o:p></o:p></p>
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<b><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:#00853D">email:</span></b><o:p></o:p></p>
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<p style="margin:0in;margin-bottom:.0001pt"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black"><a href="mailto:mike@rodenbaugh.com" target="_blank">mike@rodenbaugh.com</a></span><o:p></o:p></p>
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<b><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:#00853D">phone:</span></b><o:p></o:p></p>
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<p style="margin:0in;margin-bottom:.0001pt"><span style="font-size:9.5pt;font-family:"Arial",sans-serif;color:black">+1 (415) 738-8087</span><o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal">On Mon, Jun 29, 2020 at 9:07 AM Susan Payne <<a href="mailto:susan.payne@valideus.com">susan.payne@valideus.com</a>> wrote:<o:p></o:p></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB" style="font-size:10.0pt;font-family:"Arial",sans-serif;color:black">Also dissenting Elaine, as were many on the calls we have had.</span><span lang="EN-GB"><o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><b><span lang="EN-GB" style="font-size:9.0pt;font-family:"Arial",sans-serif;color:black">Susan Payne<br>
</span></b><span lang="EN-GB" style="font-size:9.0pt;font-family:"Arial",sans-serif;color:black">Head of Legal Policy<br>
<b>Valideus</b><br>
D: +44 (0) 20 7421 8255<br>
E: <a href="mailto:susan.payne@valideus.com" target="_blank">susan.payne@valideus.com</a></span><span lang="EN-GB"><o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><b>From:</b> Gnso-newgtld-wg <<a href="mailto:gnso-newgtld-wg-bounces@icann.org" target="_blank">gnso-newgtld-wg-bounces@icann.org</a>>
<b>On Behalf Of </b>Rubens Kuhl<br>
<b>Sent:</b> 29 June 2020 16:22<br>
<b>To:</b> <a href="mailto:gnso-newgtld-wg@icann.org" target="_blank">gnso-newgtld-wg@icann.org</a><br>
<b>Subject:</b> Re: [Gnso-newgtld-wg] Auction of last resort and Private Resolutions<span lang="EN-GB"><o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB"> <o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB">I agree with Paul's assessment on consensus level. <o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB">Which I believe it's unfortunate, and I would personally prefer stronger limitations on private resolutions, such as only allowing two brand TLDs to form a joint-venture
 (or other legal mechanism). <o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB"> <o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB">Rubens<o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;margin-bottom:12.0pt"><span lang="EN-GB"><o:p> </o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB">On 29 Jun 2020, at 12:03, McGrady, Paul D. <<a href="mailto:PMcGrady@taftlaw.com" target="_blank">PMcGrady@taftlaw.com</a>> wrote:<o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB"> <o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB" style="font-size:12.0pt;font-family:"Times New Roman",serif">There is no, and never has been, any consensus for banning private auctions.  As the last call made
 clear, there can be some guardrails around applications to make sure that they are not for the sole purpose of participating in private auctions and that the applicants have a bona fide interest in running the registry. </span><span lang="EN-GB"><o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB" style="font-size:12.0pt;font-family:"Times New Roman",serif"> </span><span lang="EN-GB"><o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB" style="font-size:12.0pt;font-family:"Times New Roman",serif"> </span><span lang="EN-GB"><o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB" style="font-size:12.0pt;font-family:"Times New Roman",serif">As for tweaking the auction of last resort (via Vickery or otherwise) that really is a separate topic. 
 Happy to discuss on the call.</span><span lang="EN-GB"><o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB" style="font-size:12.0pt;font-family:"Times New Roman",serif">Paul</span><span lang="EN-GB"><o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;margin-bottom:12.0pt"><span lang="EN-GB"><o:p> </o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB" style="font-size:12.0pt;font-family:"Arial",sans-serif;color:#97999B">To receive regular COVID-19 updates from Taft, </span><span lang="EN-GB" style="font-size:12.0pt;font-family:"Arial",sans-serif;color:#A22831"><a href="https://urldefense.com/v3/__https:/www.taftlaw.com/general/subscribe__;!!DUT_TFPxUQ!Xa149HyxNv10qaDWSEz-cN8L7dIdH2auRnI1ggNDUhVb3jXbEeUxUbrZ3gzbaWfvASc$" target="_blank"><span style="color:#A22831">subscribe
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This message may contain information that is attorney-client privileged, attorney work product or otherwise confidential. If you are not an intended recipient, use and disclosure of this message are prohibited. If you received this transmission in error, please
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><b><span lang="EN-GB">From:</span></b><span class="gmail-m2656933229854042421apple-converted-space"><span lang="EN-GB"> </span></span><span lang="EN-GB">Gnso-newgtld-wg <<a href="mailto:gnso-newgtld-wg-bounces@icann.org" target="_blank">gnso-newgtld-wg-bounces@icann.org</a>><span class="gmail-m2656933229854042421apple-converted-space"> </span><b>On
 Behalf Of<span class="gmail-m2656933229854042421apple-converted-space"> </span></b>Jim Prendergast<br>
<b>Sent:</b><span class="gmail-m2656933229854042421apple-converted-space"> </span>Monday, June 29, 2020 9:01 AM<br>
<b>To:</b><span class="gmail-m2656933229854042421apple-converted-space"> </span>Jean Guillon <<a href="mailto:jean@guillon.com" target="_blank">jean@guillon.com</a>>; Pruis, Elaine <<a href="mailto:epruis@verisign.com" target="_blank">epruis@verisign.com</a>><br>
<b>Cc:</b><span class="gmail-m2656933229854042421apple-converted-space"> </span><a href="mailto:gnso-newgtld-wg@icann.org" target="_blank">gnso-newgtld-wg@icann.org</a><br>
<b>Subject:</b><span class="gmail-m2656933229854042421apple-converted-space"> </span>Re: [Gnso-newgtld-wg] Auction of last resort and Private Resolutions<o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB"> <o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB">After all is said and done - the Vickery auction is the most elegant solution.<o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB"> <o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB">It results in far fewer required evaluations, allowing greater refunds to more applicants.  If you are the 3<sup>rd</sup><span class="gmail-m2656933229854042421apple-converted-space"> </span>or
 lower bidder for a string, you don’t have to pay of a useless evaluation of an application that will not proceed.<o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB">It eliminates possibility of collusion between applicants in contention sets and eliminates the concerns about what may or may not happen with JVs.<o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB">Treats every TLD as its own asset and doesn’t provide any advantage to large portfolio applicants over single string applicants.<o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB">It’s clean, fast and in almost every case, can be settled in weeks, not years.<o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB"> <o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB">Are there corner cases that will require an adjustment for community and other one off scenarios with objections?  Yes – but for 95+% of applicants in a contention
 set, it just works. <o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB"> <o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB">Unless of course you are in this process to make $$$ from losing auctions, whether to walk away or roll it into other auctions.  But making life easier or more
 efficient for those applicants is not the purpose of this program. <o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB"> <o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB">Fair and transparent distribution of critical internet infrastructure is.<o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB"> <o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB">We had really good discussions about this months ago, including a tweak from Donna on Vickery that seemed to have broad support, including from me.  I’m not sure
 how we are back at this again.<o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB"> <o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB">Jim Prendergast<o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB">The Galway Strategy Group<o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB">+1 202-285-3699<o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB"> <o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><b><span lang="EN-GB">From:</span></b><span class="gmail-m2656933229854042421apple-converted-space"><span lang="EN-GB"> </span></span><span lang="EN-GB">Gnso-newgtld-wg <<a href="mailto:gnso-newgtld-wg-bounces@icann.org" target="_blank"><span style="color:purple">gnso-newgtld-wg-bounces@icann.org</span></a>><span class="gmail-m2656933229854042421apple-converted-space"> </span><b>On
 Behalf Of<span class="gmail-m2656933229854042421apple-converted-space"> </span></b>Jean Guillon<br>
<b>Sent:</b><span class="gmail-m2656933229854042421apple-converted-space"> </span>Sunday, June 28, 2020 4:30 PM<br>
<b>To:</b><span class="gmail-m2656933229854042421apple-converted-space"> </span>Pruis, Elaine <<a href="mailto:epruis@verisign.com" target="_blank"><span style="color:purple">epruis@verisign.com</span></a>><br>
<b>Cc:</b><span class="gmail-m2656933229854042421apple-converted-space"> </span><a href="mailto:gnso-newgtld-wg@icann.org" target="_blank"><span style="color:purple">gnso-newgtld-wg@icann.org</span></a><br>
<b>Subject:</b><span class="gmail-m2656933229854042421apple-converted-space"> </span>Re: [Gnso-newgtld-wg] Auction of last resort and Private Resolutions<o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB"> <o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB">I read things such as :"a “key person” whose expertise is desirable  and who serves on the Board or the Advisory Board at a certain consulting fee" and<o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB" style="font-size:12.0pt;font-family:"Arial",sans-serif;color:#1F497D">"the possibility of the “losing” applicant being required to pay a fee into an Applicant
 Support fund upon withdrawal of its application" </span><span lang="EN-GB"><o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB">These are good ideas but from an applicant perspective it complexifies greatly the application procedure.<o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB"> <o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB">I don't think that applicants should have to deal with more complex (and costly) procedures that only Icann insiders are able to explain.<o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB"> <o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB">The only thing missing in the next guidebook is a clear and simplified procedure for .BRANDs<o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB"> <o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB">The next AGB should be more simple, not more complex. <o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB"> <o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB">Jean Guillon<o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB"> <o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB">Le dim. 28 juin 2020 à 20:47, Pruis, Elaine via Gnso-newgtld-wg <<a href="mailto:gnso-newgtld-wg@icann.org" target="_blank"><span style="color:purple">gnso-newgtld-wg@icann.org</span></a>>
 a écrit :<o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB">Hi, <span class="gmail-m2656933229854042421apple-converted-space"> </span><o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB">The “auction of last resort” in 2012 was aptly named. Private resolution was encouraged. ICANN auctions were the very last possible remedy for contention sets.
 So it’s not surprising that 90% of contention sets were resolved privately. That was intentional. <o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB">Keeping the option for private resolutions is reasonable- it’s the gaming and buyouts we’ve been asked by the board to try to prevent. <o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB">If we want to avoid any of it, let’s do the Vickrey auction - put in a sealed bid with your application. Parties can try to make whatever deals they want after
 the TLD is delegated.  This eliminates horse trading or gaming or disadvantaging single applicants by paying portfolio applicants to lose. <o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB">Elaine <o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB"> <o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;margin-bottom:12.0pt"><span lang="EN-GB"> <o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;margin-bottom:12.0pt"><span lang="EN-GB">On Jun 26, 2020, at 11:32 AM, Aikman-Scalese, Anne <<a href="mailto:AAikman@lrrc.com" target="_blank"><span style="color:purple">AAikman@lrrc.com</span></a>> wrote:<o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB"><span class="gmail-m2656933229854042421apple-converted-space"> </span><o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB" style="color:#1F497D">Dear WG Members,</span><span lang="EN-GB"><o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB" style="color:#1F497D">Re: private resolution of contention sets, I just wanted to mention again (as I did in chat on the last call) that apparently 90% of string
 contention sets were resolved before auction of last resort in the 2012 round.  (My source for this is the CCWG Auction Proceeds group so let me know if you disagree on this statistic.)  This means private resolution is by far “the rule” in resolving string
 contention.</span><span lang="EN-GB"><o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB" style="color:#1F497D"> </span><span lang="EN-GB"><o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB" style="color:#1F497D">It seems to me that promoting “joint ventures” of 2 or more applicants for the string will very easily result in “buy-outs” and “horse trading”. 
 An applicant who really wants to win will need only to structure a revised “change request” application in which (a) the other party becomes a “silent partner” or (b) is named a “key person” whose expertise is desirable  and who serves on the Board or the
 Advisory Board at a certain consulting fee.  The “silent partner” and/or Advisory Board member agrees in exchange to withdraw the competing application.  We should be thinking of ways to address this.  I had suggested the possibility of the “losing” applicant
 being required to pay a fee into an Applicant Support fund upon withdrawal of its application if it (or one of its principals) participates in the so-called “joint venture” revised application.</span><span lang="EN-GB"><o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB" style="color:#1F497D"> </span><span lang="EN-GB"><o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB" style="color:#1F497D">Separately, loose references to the organizational structure known as Joint Venture are probably ill-advised.  That form of corporate structure
 is rarely pursued in this day owing to the high degree of risk of liability taken on by each joint venturer for the acts or omissions of the other joint venturer(s).  Whatever we recommend as a matter of policy, it might be better to adopt some sort of neutral
 terminology such as “ revised business combination applicant” terminology.  <span class="gmail-m2656933229854042421apple-converted-space"> </span></span><span lang="EN-GB"><o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB" style="color:#1F497D">Anne</span><span lang="EN-GB"><o:p></o:p></span></p>
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<a name="m_2656933229854042421_m_-182380291256387"></a><b><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#AF272F">Anne E. Aikman-Scalese</span></b><o:p></o:p></p>
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<span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#323232">Of Counsel</span><o:p></o:p></p>
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<span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#323232">520.629.4428 office</span><o:p></o:p></p>
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<span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#323232">520.879.4725 fax</span><o:p></o:p></p>
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<span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#1F497D"><a href="mailto:AAikman@lrrc.com" target="_blank" title="Email User"><span style="color:#AF272F">AAikman@lrrc.com</span></a></span><o:p></o:p></p>
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<span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#323232">_____________________________</span><o:p></o:p></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><image001.png><o:p></o:p></p>
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<span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#323232">Lewis Roca Rothgerber Christie LLP</span><o:p></o:p></p>
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<span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#323232">One South Church Avenue, Suite 2000</span><o:p></o:p></p>
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<span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#323232">Tucson, Arizona 85701-1611</span><o:p></o:p></p>
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<span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#1F497D"><a href="https://urldefense.com/v3/__http:/lrrc.com/__;!!DUT_TFPxUQ!Xa149HyxNv10qaDWSEz-cN8L7dIdH2auRnI1ggNDUhVb3jXbEeUxUbrZ3gzbIcHBpwo$" target="_blank" title="Lewis Roca Rothgerber Christie Webpage"><span style="color:#AF272F">lrrc.com</span></a></span><o:p></o:p></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><image002.jpg><o:p></o:p></p>
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<span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#323232">Because what matters</span><o:p></o:p></p>
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<span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#323232">to you, matters to us.™</span><o:p></o:p></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB" style="color:#1F497D"> </span><span lang="EN-GB"><o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB"> <o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span lang="EN-GB"> <o:p></o:p></span></p>
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This message and any attachments are intended only for the use of the individual or entity to which they are addressed. If the reader of this message or an attachment is not the intended recipient or the employee or agent responsible for delivering the message
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