AfterDawn: News

Red Cross has officially denied to have anything to do with a trust based in Vanuatu that owns the Sharman Networks, the company behind the Kazaa P2P application. Red Cross was caught in the crossfire back in December last year when MIPI, the recording industry's watchdog in Australia, claimed that Red Cross might be involved with the Kazaa's ownership structure.

MIPI has been in courts against the Sharman Networks in Australia for quite some time now and the legal proceedings against the Sharman are still very much on-going matter. However, it is clear that nobody really knows who ultimately owns Sharman and Kazaa, as the trust that controls Sharman's all shares, is registered in Vanuatu, a small country that has very strict privacy rules about shareholder information.



Source: Port Vila Presse

Written by: Petteri Pyyny @ 18 Jan 2005 10:55