The Unfair Competition Prevention Act has been recently amended in order to combat cybersquatting. Under the amended law, the unjust acquisition, possession or use of a domain name, identical or similar to the specific indication of goods of another person constitutes an act of unfair competition. The term "specific indication of goods" refers to a name, trade name, trademark, mark or other indication of goods or services pertaining to the undertaking. The trademark, etc. need not be well-known in order to be protected. The amended law also provides for civil remedies, such as injunction, recovery of damages and reasonable royalties.


