Hi guys. We run an online steroid store that our host has approved, we host our site with an Icelandic host where there is no laws regarding online steroid shops, however the registrar/icann has put our domain on hold, my host did email them and told them that steroid websites were allowed to be hosted in Iceland and did not break any laws. Our website was a dot com domain we have now had to register a dot info and migrate the site, but we are losing 90% of all traffic. What are my options?
You need to get an actual lawyer to go over the ICANN decision. It may be viewed that because of the .com and the business being based in the UK that the Iceland factor is incidental. In the meantime, undertake all the standard SEO tasks.