The first seizure of virtual property by Zhejiang Court is of economic value

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According to Xinhua News agency, September 6, Zhejiang province Ningbo Beilun District Court recently heard two of private lending cases, because the defendant company name without existing property, the court seized its company network domain name. This is the first time in Zhejiang Province, the virtual property into the seizure ranks.

It is understood that, including these two loan cases, since February this year, the Beilun District Court has entertained 6 cases of Ningbo, a network technology company accused of the case, the amount of money involved amounted to more than 2 million yuan. Court investigation found that the company name no other existing property, and its holding a website is the largest production of a single product site, has a certain economic value, there have been a number of enterprises have expressed the initial purchase intention.

The court then to the management of the domain name Xiamen, an Internet technology company served a letter of assist in the implementation of letters and civil adjudication, the domain name for the seizure formalities. If the defendant's company fails to perform its obligations after the lawsuit, the court will evaluate the domain name in accordance with the law and the auction proceeds will be used to liquidate the claims of the applicant.

According to the case judge, the domain name right as a new kind of right, to the network domain name as the object, belongs to the intellectual property rights, usually has certain economic value, and belongs to the controllable property, may seize the law.