Web Summit co-founders yet to agree on mediator prior to High Court civil trial

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Web Summit co-founders yet to agree on mediator prior to High Court civil trial
Web-SummitPaddy-CosgraveDaire-Hickey
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Five separate actions are due to be heard together over the course of a nine-week civil trial

Evidence in five separate actions, brought variously by Paddy Cosgrave, Daire Hickey and David Kelly against one another, are due to be heard together over the course of a nine-week civil trial. Photograph: Bryan O'Brien

Evidence in five separate actions, brought variously by Paddy Cosgrave, Daire Hickey and David Kelly against one another, are due to be heard together over the course of a nine-week civil trial beginning on March 18th. Appearing for Mr Hickey, Brian Conroy SC said Mr Cosgrave’s side was adopting the “bizarre” position that no one based in Ireland is suitable to mediate the dispute. He said that implied in correspondence from Mr Cosgrave’s legal team was that all potential Irish mediators are familiar with the parties involved in the dispute, and therefore unsuitable to facilitate the mediation process.This Dublin office block sold for €106 million in 2018.

Mr Kelly and 7 per cent shareholder Daire Hickey, who both cofounded Web Summit with Mr Cosgrave, each have two separate but similar actions against the company and Mr Cosgrave alleging oppression of their minority shareholder rights and breach of an alleged profit share agreement.Mr Justice Twomey, who is managing the cases ahead of the beginning of the trial on March 18th, said he was anxious that the disputes go to mediation, emphasising the advantages of the process.

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