Ask HN: Do domains ever get pulled for not representing the country of the TLD?

For example, I'm in the UK and want to register a business, the name ends in ps, so I'd like to use a .ps domain as the .com is taken, and it'll only be used for email anyway. If you look at http://devo.ps/ that's an example of a non-palestine company using it for branding. If you read the ToS for .ps domains it states that domains should be used by local businesses, and international companies wanting to have a presence in Palestine. What's the likelihood of a domain being taken back?