.CO.NO is a common initiative between the registrant of the domain name, Elineweb AS, and CoDNS BV; the technical back-end provider.
Long term discussions and meetings between the .NO registry and the CO.NO Operators has now ended up in court. In short, the latter believes that NORID was negotiating under false pretenses, and in reality was on a mission to uncover information allowing it to invoke a breach of its own Domain name policy.
The future for .CO.NO thus remains unsure.