.com.au backordered domain: Do I have to return it if the original owner asks for it?

Posted by vDog on Pro Webmasters See other posts from Pro Webmasters or by vDog
Published on 2013-11-04T03:01:44Z Indexed on 2013/11/04 4:14 UTC
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domain-registration

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I was contacted by the original owner of a domain to give him the domain that I backordered a few weeks ago. The domain was abandoned for about 2 months before I bought it to eliminate the competition of my client but now I am faced with a threat that he will take this matter to court and AUDA (.au domain administration limited).

Am I supposed to handover the domain that I have bought legally? I would like to know my rights in this situation.

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