Appleby settle law suit in Paradise Papers case

Appleby, which has a substantial presence in Jersey, launched legal proceedings last December after the publisher and broadcaster ran a series of reports based on some of the 13.4 million documents the firm says were hacked from its files.

Confidential deals were revealed, including US tech giant Apple’s alleged use of Jersey-managed companies – on the advice of Appleby – to help move billions offshore.

Appleby commenced legal action against the two media organisations on 4 December in the English High Court on the basis that published reports were based on legally privileged [legally protected from disclosure] and confidential material belonging to Appleby’s clients.

A joint public statement says that the parties had ‘resolved their differences’ and it was determined that legal privilege did not apply in this case because most of the documents belonged to the financial services branch of Appleby’s business, which was bought by Estera in 2015.

... read more at: