It WILL cause him problems if NEOM wants to use it or protect it. You can't simply register www.myfedex.com and simply say you're not using it or going to us it for profit and get to keep it.
NOT so. The domain name CONTAINS A TRADEMARKED WORD, lost. It's quite simple. BUT let's have clawmann, a real lawyer, post his opinion over the weekend, hopefully. Especially re: "Bad faith"..the fact the registrar was AT the meeting where qode was introduced and new "qode" belonged to NeoMedia... claww, does that enter in to "bad faith"?