stolen company name domain

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The web hosting thread below was started by Aramis on 2009-04-29 17:54:15:

i got asked a question recently and its one i should know the answer to but i dont know how to go about it

a company whos name ie custom spearguns , wants to go register there company online and start a website at customspearguns.co.uk

but alas there direct competator, dynamicnetfishing have bought the webaddress and are auto-directing custom spearguns customers to there own site dynamicnetfishing.co.uk

now i know there is a simply way, where dynamicnetfishing.co.uk will be forced to give up the domain, and stop them from blackmailing for it either

but i dont know how to go about it, if anyone knows please let me know

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