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Also to add, country-code TLDs (ccTLDs) are NOT governed by ICANN policies.
ccTLDs are a whole different breed with their own unique rules and policies. The ccTLD delegated country, which in the case of .CO is the country of Columbia, has total control - the registrant has little to no recourse; ICANN likely can't help.
Most .CO registrants don't fully realize the risks with the biggest ones being:
* The country of Columbia could change policy at any time and take away many domains (it's happened many time before in numerous ccTLDs, including with .TM, such as Sex.TM, and even with .US as in the case of FuckCensorship.US that was retroactively deleted - google for more details).
* Can charge any price they want - so that .CO domain one registers for $29.95 today at GoDaddy could potentially cost far more in the future to renew; no rate caps nor restrictions on variable pricing - .CO can raise prices to whatever it wants anytime for all or selectively (ie. own a real nice .CO and you could be looking at a huge renewal bill; not unheard of either - read up on .TV variable pricing practices).
Bottom line is ccTLDs are not the same as gTLDs. Buyer beware!
Ron
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Domagon - Website Management and Domain Name Sales
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