I told you what I thought....that you would have a better chance of SEEING GOD than you do of going after someone who accidentally overbid on one of your .net names and actually collecting a penny. If you want to chase someone down in another country and try to collect a judgement when you have NO DAMAGES, then you better hurry up and stop spending so much time on this board.
The bottom line is that you almost pulled one over on someone, but the deal fell through. There are NO DAMAGES. Even if they breached the contract you still collect zero. The name is obviously worth a ton less than the offer you speak of. It it were not, then you would simply sell it to someone else or not worry about it.
If you pay $8 for a name and someone offers you $20,000, and then backs out of the deal, you will not be awarded the difference in court if they back out. You even said that there were some cultural issues and a potential misunderstanding with the person making the offer.
Good luck. You have NO CHANCE.
In essence, it does not matter where they live. It matters where the contract was made. Sedo USA, Sedo UK, Sedo DE.
By bidding and failing to pay they breached the contract according to the contract they enrolled in.
As for collecting - with the help of British authorities, I was able to secure 19 domains that I paid for and were never transferred. I am in North Carolina. PayPal was no help at all and would not even investigate as it was "intangible property". Within three days of contacting the British authorities suddenly the seller was very apologetic and transferred the domains ASAP, nearly 6 months later.
Fraud is Fraud. Internet Fraud is taken very seriously in many countries. Someone breaching a contract as in failure to deliver goods is a breach of contract and fraud. Failing to complete the contract according to the agreed upon terms is a breach. As for the value of the goods, that person who bid and won (or haggled) just set the value of the goods. It now has a declared value.
I collect 17th, 18th, and 19th century southern pottery. If the original purchase price in 1918 was $0.49 cents, I buy it for $20.00, and someone buys it from me for $1200.00, what is the value of the piece? The first, second or third price?
So the NO DAMAGES statement may be null and void because the bidder just set the value, not Acro.
As for collecting, there are ways of doing it as I just illustrated.