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Company's right to a domain name

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Just want to know if a company has a right to a .co.uk

The company's name is not TM
well established company with a few branches and main operation in the UK
already own and using .com only main website.
.co.uk is the same as the company's name.

Say if this company decide on a lawsuit what's the chance of winning? should a domainer give in and settle for a low price?
 
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