I have a close friend that, after "retiring" as a touring musician out of Nashville, I played bass for about a year with. He's a great texas singer/songwriter, and a heck of a nice guy. His name is Leslie Doak, and if you're into Texas country, you might have heard of him.
He had a manager who had registered his DNS (www.lesliedoak.com) for him. After an arguement, and subsequent termination of the business relationship, the manager refused to sell the leased DNS to him. He eventually registered www.lesliedoakband.com and decided not to pursue a complaint through ICANN, as the fees for doing so usually live in the $2000 USD range.
As the registration ran out, we were surprised to see that within an hour, we were beat to the punch by registrar www.kenyatech.com. In good faith, I went ahead and followed their procedure for bidding on the DNS, but only offered the rate of $16/year which is what the original cost of the DNS lease was. I'm sure, however, that kenyatech paid less, as they were sure to register several expired DNS's at the same time.
Of course, my offer was rejected, so I asked them what amount they were looking for, but they wouldn't answer. So I mentioned that "Lesie Doak" is trademarked, and they were in violation of ICANN's Uniform Domain Name Dispute Resolution Policy, as they had "no rights or legitimate interests in respect of the domain name" and the name was trademarked. They still wouldn't budge on the DNS. So now I'm writing a script that will offer a bid $0.01 higher than the previous bid constantly until it reaches a maximum of $30.
The problem with the ICANN disupute policy is the cost associated with it. They use third party companies to handle the disputes, and the usual amount I've seen so far is $2000 USD. Personally, I would rather pay them that amount then $50 to a shady company like kenyatech, and am still considering doing so.
If anyone else has any experience with ICANN DNS disputes, I would love to hear about them. Otherwise, I'll post more as I hear more about the dispute.