Very big Australian (billion dollar) company has a product "widgets".
I own the domain widgets.com which has content about "widgets".
They say I am infringing their rights and have demanded (using their lawyers) that I transfer the domain to them.
Are they entitled to do this?
Note that we are talking about widgets.com and not widgets.com.au, which if it was the latter, I would say they would be entitled to request this since Australian laws are different when it comes to .com.au domains.
For the record, I am an Australian so they could easily look me up if they wanted to.