I have been wondering how ownership conflicts will work with GTLDs. If someone buy's "lol." and puts up "yahoo.lol.", how is that conflict resolved since "lol." is not managed by a "neutral" company but by the people that in fact own "lol."?
All new gTLDs are required to support the Uniform Dispute Resolution Policy (UDRP), the Uniform Rapid Suspension policy (URS), and the Trademark Clearing House. These policies are in differing stages of development, and in the case of the Trademark Clearing House are not even fully nailed down.