The legal battles engulfing Web Summit are going to result in an “expensive and complicated” hearing, the Commercial Court was warned on Monday in circumstances where a new spin-off suit has been lodged against the company and its majority shareholder Paddy Cosgrave.  Manders Terrace, the firm behind the internationally renowned tech events business, and Cosgrave, its chief executive, are already beset by lawsuits brought by the company’s former directors Daire Hickey, of PR firm 150 Bond, and David Kelly, who works in financial services, both of whom claim their rights as minority stakeholders have been oppressed. Separately the company is…

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