In what may be a first, an arbitrator for the World Intellectual Property Organization (WIPO) has held that a party may keep his domain name even though it’s identical to a trademark held by someone else.

“This is the first time that I’m aware of … where any decision-making body in the world has said registering a domain name for the purpose of selling it is just fine, and you may have more of a right to it than the trademark holder,” said the winning lawyer, David J. Loundy, of Chicago’s D’Ancona & Pflaum.