Litigation brought against the Guardian and the BBC over the Paradise Papers investigation into the offshore activities of some of the world’s richest people and companies has been settled.
In an agreed statement, the parties announced they had “resolved their differences” with a settlement that ends the legal action launched by the offshore law firm Appleby.
The company started breach of confidence proceedings against the Guardian and the BBC last December. This followed the publication of the Paradise Papers – an investigation based on more than 13m documents that provoked worldwide anger and debate about offshore tax arrangements.
The investigation was undertaken by 96 media groups in 67 countries and relied on material provided by the German newspaper Süddeutsche Zeitung.