In this case technically they did run from a country-level equivalent, .io is a ccTLD.
Granted no one ever appears to use .io for it's original purpose as the ccTLD for the British Indian Ocean Territory...
ccTLD management is delegated to a company in that nation usually. Unfortunately not all of them are equally well managed - I wouldn't consider gTLDs _exactly_ comparable to ccTLDs in this regard. ccTLDs get to differ in pretty key ways from gTLDs, including deciding their own dispute resolution processes (gTLDs all use the UDRP).