The WIPO arbitration panel has ruled that the domain vodafoneracing.com had been registered in bad faith and ordered that the domain be transferred to its legitimate owner, Vodafone Group, Plc. Knud Wallberg, as sole panelist, ruled that:

"Given the notoriety of the Complainant’s [Vodafone] trademark, the coined nature of the word “Vodafone”, and the extensive promotion of the trademark, it is inconceivable to the Panel that the Respondent registered the domain name without prior knowledge of the Complainant and the Complainant’s mark.
The contested domain name resolves to a website that contains links including “sponsored links” that offers products and services that are in competition with the products and services offered by the Complainant. This indicates that the Respondent has intentionally attempted to attract, for commercial gain, Internet users to its website by creating a likelihood of confusion to the Complainant’s trademark...".

Case ref: Vodafone Group, PIc v Domain Privacy
Case No. D2007-1684, 4 January 2008