ICANN is very US-centric, so it ultimately won't matter ...
Should gTLDs such as .com/.net be registered in the country where a company has trademark protection or would it matter. If domain manager Verisign is based in U.S., where UDRP decisions are decided, would a U.S. company with U.S. trademark (not international, WIPO/OHIM) have stronger rights than a non U.S. company who possess the domain and are based in another country with a trademark in their country, but have their domain registered with a U.S. registrar. I have been looking at articles such as bodog(dot)com where they have lost their name because they did not turn up to defend it in the U.S., I know there are more issues with this case such a gambling laws etc but the idea that someone applied for U.S. trademark, got it and challenged the domain and also got it.
I guess an irish trademark should be extended to WIPO - U.S. protection to close that door.
In the mean time, private registration/identity shield is probably better than nothing.