First, he's not in the US, so they will have a hard time forcing him to hand over the domain (since countries maintain their own domain registration services, and the US "cyber squatting" law doesn't even apply).
Second, he has a legitimate use for the domain (even though it's not in use at the moment) that is unrelated to Coca-Cola.
Third, he hasn't caused Coca-Cola any damages, so they don't have much to go on if they are going to go after him for trademark infringement.
Fourth, he has made no gestures to sell the domain for cash to Coca-Cola or (for example) a competing cola company and thus is clearly not a "cyber-squatter".
My suggestion is to be open and as helpful as you can be to Coca-Cola. Make it clear to them that you will try as best you can (and you will hope they will try as best they can) to resolve the conflict. Avoid being hostile as much as possible. That way, you may prompt them to deal more fairly with you, and it makes it becomes more difficult for them to make the case that you are "against them" in any way.
Slashdot Mirror
A couple things are in his favor.
First, he's not in the US, so they will have a hard time forcing him to hand over the domain (since countries maintain their own domain registration services, and the US "cyber squatting" law doesn't even apply).
Second, he has a legitimate use for the domain (even though it's not in use at the moment) that is unrelated to Coca-Cola.
Third, he hasn't caused Coca-Cola any damages, so they don't have much to go on if they are going to go after him for trademark infringement.
Fourth, he has made no gestures to sell the domain for cash to Coca-Cola or (for example) a competing cola company and thus is clearly not a "cyber-squatter".
My suggestion is to be open and as helpful as you can be to Coca-Cola. Make it clear to them that you will try as best you can (and you will hope they will try as best they can) to resolve the conflict. Avoid being hostile as much as possible. That way, you may prompt them to deal more fairly with you, and it makes it becomes more difficult for them to make the case that you are "against them" in any way.