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A domain is never "owned" by a company. It's basically "leased" out, but, we all have become acquainted with saying "oh that domain is owned by so and so". But as stated, a domain is not owned by anyone. Thus, if they do not renew thier domain? They relinquish ownership rights to that domain (not the trademark however). Thus - to get thier domain back, they would have to file a WIPO, under a trademark dispute (which they would obviously win, in a heartbeat). But nevertheless, a registrar cannot "technically" give the domain back to the original registrant - Or it would be breach of the registrant/registrar agreement.
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