Verisign is operator of the authoritative domain name registry for the .com and .net top-level domains. Verisign is headquartered in Virginia, and as such, the "property" of the domain is located in the United States and is subject to the jurisdiction of our courts.

This isn't new, and it's why anti-cybersquatting legislation (15 U.S.C. §1125) can be enforced.