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Company A owns the .co.uk version of the domain name; company B bought the .com version, and made it redirect to their own website

Would a legal challenge regarding this have any standing in a UK court, and if so, how would one go about resolving it?

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    Don't have the time to write a detailed answer, but take a look at this: icann.org/resources/pages/help/dndr/udrp-en – fNek Aug 14 '15 at 14:55
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    Are the domain names reflective of a trademarked word or phrase? For example if your company, Big Shoe Store, owns run.co.uk it's fine for my company, Great Shoes, to register run.com and have it redirect to my website greatshoes.com. – jqning Aug 14 '15 at 16:06
  • It's more a case of mycompanydoesthis.co.uk, and then they registered mycompanydoesthis.com. The name is comprised of 4 words, and describes what the company does – Ben Ezard Aug 14 '15 at 18:30
  • I should also add that the domain name is also the company name – Ben Ezard Aug 14 '15 at 18:33
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    @BenEzard Descriptive names like that might not be trade-markable, at least for the categories where it's descriptive. – CodesInChaos Sep 16 '15 at 15:40
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This is called cybersquatting - when you own a trademark and the other registrant has registered the domain in bad faith. There are means for resolving these matters. I have not been able to find any laws specific to the United Kingdom, however there are other laws and agreements this falls under.

However, the respondent (the person owning the domain in dispute) must generally intend to profit from, and have registered the domain in bad faith. They must also have no legitimate interest in the domain name. The applicant must also show that it is similar to their trademark.

You may be able to submit a dispute to ICANN in accordance with their Uniform Domain-Name Dispute-Resolution Policy. The decisions of such arbitration is binding on the parties, and may include cancellation or transfer of the domain, or refusal of the claim.

If you are able to bring a claim in the United States, the Anticybersquatting Consumer Protection Act provides similar protections, and may additionally award damages.

Additionally, the World Intellectual Property Organization provides for arbitration, which allows trademark holders to attempt to claim a squatted site. However, these decisions are not binding on the parties.

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What your competitor has done is perfectly legal and a legal challenge would have no chance of success.

If you wanted the .com (or .net or .com.au etc.) complement to your .co.uk you should have bought them. The competition has just as much right to an unowned domain that represents their business as you do.

You could approach your competitor and offer to buy it on whatever terms you can negotiate.

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    Not the case. I'll make an answer later. – Terry Sep 15 '15 at 12:09

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