Appleby, the offshore law firm at the centre of last November’s media storm surrounding the so-called Paradise Papers, has dropped its legal action against the BBC and the Guardian.
The two sides announced they had “resolved their differences” with a settlement that ends the legal action launched by Appleby following the release of some 13m confidential documents from the company last November.
‘Not legally privileged’
In a statement issued on Friday, Appleby said it was now clear that “the vast majority of documents that were of interest in the Paradise Papers investigation related to the fiduciary business that is no longer owned by Appleby and so were not legally privileged documents.”
Appleby had said previously that its main objective for bringing the proceedings was