An arbitrator with the WIPO Arbitration and Mediation Center has awarded DenizBank.xxx domain name to Denizbank.Denizbank submitted a complaint with the WIPO Arbitration and Mediation Center  on January 17, 2012,asserting legal rights over the domain.

Denizbank owns many trademark registrations for the “Denizbank” mark. The first DENIZBANK trademark registration in Turkey dates back to the year 1997. Therefore,they managed to demonstrate that the domain name is confusingly similar to its trademark.

The complainant contended in the complaint and managed to demonstrate that the respondent registered and used the domain name in bad faith :

“The disputed domain name is fully identical to the Complainant’s trademark DENIZBANK. The Respondent has not even bothered to incorporate amendments or additions to the disputed domain name in order to eliminate the interference with the trademark DENIZBANK.

Finally, bad faith registration and use is further demonstrated by the fact that the disputed domain name has been offered for sale, first via email to the Complainant right the day after its registration, and second on two different auction websites at a price of USD 28,000 and YTL 38,500. “

The Panel ordered the disputed domain name to be transferred from the respondent to the complainant .

You can read the decision here .