FlightWatch.com — FAQ

Process · Privacy · Compliance

Last updated:

Notice: The parameters below are provisional and may be updated following Swiss-counsel review. Revisions will be timestamped here; no change applies retroactively to deposits already made.

At-a-glance: What we can / can’t disclose

We can disclose:

  • Process overview, governing law (Swiss), and high-level timing.
  • Provisional deposit framework: initial CHF  100,000; possible CHF 50,000 supplement on objective risk flags (credited at closing). See summary.
  • Use of NDA, preliminary KYC/ AML screening, and option to use counsel escrow/VDR.
  • Proof-of-control actions during diligence (e.g., DNS TXT record or registrar admin-email confirmation).
  • Sanctions posture under Swiss, UN and (where adopted) EU measures as administered in Switzerland.

We can’t disclose:

  • Other parties’ identities or bid levels (confidential process; FADP data protection).
  • Non-public documents outside a counsel-operated VDR after NDA/KYC.
  • Personal data or sensitive details without lawful basis/purpose ( FADP).
  • Information whose disclosure would breach sanctions or export-control obligations ( UN/EU measures administered in Switzerland).
  • Binding commitments or final terms prior to a signed definitive agreement.

This summary is informational, not legal advice. See detailed items below and the KYC/AML Deposit & summary.

A concise reference for how our confidential, Swiss-law–governed sale works — and what we can (and can’t) disclose.


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Frequently Asked Questions

Deposit & KYC /AML

What deposit is required? When is it refundable or forfeited?
  • Initial Deposit (currently expected): CHF 100,000 due at NDA + diligence launch; credited 100% to purchase price at closing. Subject to counsel confirmation.
  • Enhanced Diligence Supplement (only if triggered; currently expected): CHF 50,000 if objective risk flags arise (e.g., sanctions hit, opaque ownership/ UBO, high-risk jurisdiction, inconsistent verified Source-of-Funds). Also credited at closing. Subject to counsel confirmation.
  • Working cap (subject to counsel): Aggregate deposit exposure is not expected to exceed CHF 150,000 (100k + 50k if triggered). Final cap to be confirmed in the definitive agreement.
  • Refund: (i) Seller withdraws before signing a binding sale agreement (incl. documented superior offer — “Superior Offer Safeguard”); (ii) completion would be unlawful (sanctions/regulatory); or (iii) a material title/transfer defect directly attributable to Seller is established and not cured. Definitions/cure periods to be finalized with counsel.
  • Forfeit: Buyer withdraws or fails diligence for Buyer-side reasons (KYC/AML fail, sanctions match, misrepresentation, or non-cooperation). If the CHF 50,000 supplement was requested due to an objective trigger and paid, it is likewise forfeited if the trigger existed and Buyer declines to cure or proceed.
  • Escrow / Counsel / Broker (provisional): Funds handled in CHF via Swiss counsel trust account or a regulated escrow. Unless otherwise agreed in writing: (i) escrow fees are borne by the Buyer; (ii) each party bears its own counsel fees; and (iii) any broker/introducer fees are paid by the party that engaged that broker (no third-party commissions owed absent a signed tri-party agreement). Specific provider and mechanics subject to counsel.

Provisional only (for counsel review): These figures are working estimates pending confirmation by Swiss counsel and will be superseded by the signed sale agreement. Any update prior to deposit will be timestamped here and notified directly to active counterparties; no retroactive effect on deposits already made. Fee allocations noted above are working positions for counsel review and will be superseded by the signed sale agreement.

Seller Discretion and Suitability Review

The Seller may, in its reasonable discretion and after consultation with Swiss counsel, decline or suspend negotiations or completion if a proposed transaction would:

  1. contravene sanctions or export-control measures applicable in Switzerland (Swiss Embargo Act (EmbA) and implementing ordinances administered by SECO);
  2. present objective reputational, compliance, or integrity risks inconsistent with the neutral, sovereign-grade positioning of the asset; or
  3. be incompatible with the Seller’s documented strategic objectives.

Under Swiss law, the Seller has no obligation to disclose its pricing methodology or strategic objectives. The parties remain bound by principles of good faith in negotiations and process conduct; deceptive or misleading conduct is not permitted. Any refusal under this section does not constitute bad faith or a breach. Deposits are handled strictly under the refund/forfeit terms stated herein.

What KYC/AML information do you require?

Verifiable identity, organization, and UBO details with verified Source of Funds, sufficient for Swiss AML compliance. Additional documentation may be requested during diligence. Personal data is processed under the Swiss Federal Act on Data Protection (FADP).

References (official sources)
  • Swiss sanctions overview — State Secretariat for Economic Affairs (SECO) (official site).
  • Swiss Anti-Money Laundering framework (AMLA/AMLO) — overview via Swiss authorities/FINMA.
  • Swiss Federal Act on Data Protection (FADP) — official overview.

See the consolidated Legal Clauses ↓ and Sanctions framework ↓

What is this sale?

A confidential, Swiss-law–governed private sale of the FlightWatch.com domain (exact-match .com). We accept qualified inquiries and offers through our secure channel.

Can you tell me the current highest offer or bid levels?

No. This is a blind, confidential process by design. Disclosing third-party offer details would breach our confidentiality undertakings and undermine fair dealing under Swiss good-faith principles.

Will you disclose who else is bidding?

No. We do not share identities or personal/business data of other interested parties. Swiss data protection law (FADP) requires lawful, purpose-bound processing and safeguards for personal data.

Can you provide price guidance?

We don’t set a target in the hero/initial conversation. The market decides. We publish public benchmarks elsewhere; your intended use (sector brand vs. multi-sector platform) ultimately drives value.

Are there buyers you cannot sell to?

Yes. We comply with the Swiss Embargo Act (EmbA) and SECO -administered measures implementing Swiss, UN and (where adopted) EU sanctions. If a counterparty, jurisdiction, or intended end-use would violate applicable sanctions, we must suspend or decline the transaction.

Will you use escrow?

Escrow is optional and can be arranged with a reputable provider or Swiss counsel. Final sale occurs only after written agreement and receipt of full, irrevocably cleared funds.

How do we access confidential documents?

Through a Virtual Data Room (VDR) operated by counsel (buyer’s or seller’s), or a mutually agreed third-party escrow/VDR provider, once (i) an NDA is executed and (ii) preliminary KYC/AML screening is complete. Until a VDR is opened, we do not circulate sensitive documents by email or host them on FlightWatch.com. The specific provider will be identified in writing when the VDR is opened.

What proof of control will you provide?

During diligence we can perform registrar-level verification actions (e.g., DNS TXT or WHOIS administrative email confirmation) to demonstrate control.

Governing law and venue?

Swiss law governs. Unless otherwise agreed in a definitive contract, disputes are subject to Swiss jurisdiction (Zurich). Cross-border aspects are handled under Switzerland’s Private International Law Act (PILA).

Can terms change mid-process?

Only if required by changes in law/regulation (e.g., new sanctions) or compliance directives. We will communicate any such changes in writing.

Is there a timeline or countdown?

No public countdown. The asset may close at any time if an offer aligns with our strategic objectives and passes diligence.

How do we proceed?
  1. Submit a secure inquiry with verifiable details
  2. NDA + secure channel
  3. Diligence & proof of control
  4. Contract + (optional) escrow
  5. Close on irrevocably cleared funds

This FAQ is an overview of our process and compliance posture, not legal advice. Parties should obtain independent counsel.

READY TO CONNECT?

We welcome serious inquiries.


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Legal Clauses (Public Summary)

Public summary. Binding terms appear only in a signed definitive agreement.

1. Definitions

  • Asset: The domain “FlightWatch.com” and associated registrar rights (no operating company, content, or other IP unless expressly agreed in writing).
  • Buyer: Party submitting an offer and entering diligence under NDA.
  • Seller: Current registered holder or its designated Swiss agent/counsel.
  • Superior Offer Safeguard: Seller’s right to accept a third-party offer prior to execution of a definitive agreement with Buyer; deposit handling per §3.
  • Objective Risk Trigger: Documented KYC/AML red flags (e.g., sanctions hit, opaque UBO, unverifiable Source-of-Funds, false or inconsistent KYC data).

2. Process & Priority

  1. NDA execution and verified identity.
  2. Proof of funds and high-level intended use confirmation.
  3. Proof of control by Seller.
  4. Term sheet → deposit → definitive agreement → closing.

Non-exclusive until a definitive agreement is executed. Seller may prioritize offers by strategic fit and readiness to close.

3. Deposit & Costs

Amount & timing: CHF 100,000 within 3 Swiss banking days after countersignature of term sheet. If an Objective Risk Trigger arises, a CHF 50,000 supplement within 3 banking days of notice. Both credit 100% to purchase price at closing.

Custody: Held in Swiss counsel client account or regulated escrow in CHF; interest follows principal.

Refund: Deposit(s) refunded if (a) Seller exercises the Superior Offer Safeguard prior to definitive agreement; (b) completion would be unlawful under sanctions/export-control measures applicable in Switzerland; or (c) a material title/transfer defect attributable to Seller is not cured within 10 banking days after notice.

Forfeit: Deposit(s) forfeited if Buyer withdraws other than for a §3 refund ground, fails KYC/AML, does not cure an Objective Risk Trigger within 10 banking days of notice, or materially breaches the term sheet/NDA.

Costs: Each party bears internal costs. Buyer bears third-party costs it initiates (escrow, registrar, broker, counsel, taxes). On a §3 refund, Seller may deduct documented, non-recoverable third-party fees incurred specifically for Buyer’s diligence.

Sole pre-signing remedy: Prior to a definitive agreement, Buyer’s exclusive remedy is the refund right above.

4. Compliance & KYC/AML

Screening is performed contractually to Swiss standards and, where applicable, by regulated escrow/counsel under AMLA/AMLO. Buyer provides identity, organization, UBO, and verified Source-of-Funds information sufficient to complete screening. Seller may suspend or decline if screening cannot be satisfactorily completed.

5. Sanctions & Export Controls (EmbA)

Performance is subject to measures applicable in Switzerland, including the Swiss Embargo Act (EmbA) and implementing ordinances administered by SECO. If a restriction would prohibit or materially restrict performance, either party may suspend; if it persists beyond 20 banking days, either party may terminate without liability other than accrued obligations; refunds per §3.

6. Force Majeure

No liability for delay/non-performance caused by events beyond reasonable control (e.g., natural disasters, war, civil unrest, government action, widespread registry outages). If the event continues beyond 20 banking days, either party may terminate without liability other than accrued obligations; deposit handling per §3.

7. Finality of Sale

Sale is final only when (i) the definitive agreement is executed and (ii) the full purchase price is received in irrevocably cleared funds without restriction in the designated account.

8. Confidentiality & Publicity

All discussions are confidential. Permitted disclosures: affiliates, advisors, financing sources, insurers under confidentiality; regulated VDR/escrow providers; and disclosures required by law/regulator/stock-exchange rules. Public statements require prior written consent.

9. Governing Law & Venue

Swiss law governs. Venue and jurisdiction: Zurich, Switzerland.

10. Title, Liens & Disputes

At closing, Seller will transfer exclusive rights in the domain registration free and clear of liens, pledges, security interests, court orders, and unresolved UDRP/URS or registry locks other than routine registrar locks released at closing. Seller has not received written notice of any unresolved third-party claim to the Asset.

11. Transfer Mechanics & Delivery

At closing, Seller unlocks the domain, provides the EPP/auth-code, and approves transfer at the registrar of record. “Delivery” occurs upon (i) change of registrar to Buyer’s nominated registrar or (ii) change of registrant to Buyer’s designee at the current registrar, each reflected in RDAP/WHOIS. Failure caused solely by Buyer’s registrar or instructions is not Seller default.

12. Miscellaneous

  • No assignment without consent, except to Buyer’s acquisition vehicle upon notice and KYC/AML clearance.
  • Severability applies to any invalid provision; remaining terms remain effective.
  • Notices in writing; email with confirmed receipt or courier to addresses in the term sheet; effectiveness on receipt.
  • English controls. Amendments in writing. Electronic signatures/counterparts valid under Swiss law.
  • Pre-contract liability cap: Subject to fraud/willful misconduct, neither party is liable for indirect/consequential/punitive damages arising from negotiations; any Seller liability pre-signing is capped at deposits actually received and not yet refunded.

This section is informational, not legal advice. For binding terms, see the executed documents.