Parties announce they have resolved differences to aim legal action launched by offshore statute firm
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 13 m documents that elicited worldwide anger and debate about offshore taxation arrangings.
Quick guide
Key revelations from the Paradise Papers
1) Millions of pounds from the Queen's private estate has been invested in a Cayman Islands money– and some of her money went to a retailer accused of exploiting poor families.
2) Prince Charles's estate made a big earning on a stake in his friend's offshore firm.
3) Extensive offshore copes by Donald Trump's cabinet members, advisers and donors, including substantial payments from a firm co-owned by Vladimir Putin's son-in-law to the shipping group of the US commerce secretary, Wilbur Ross.
5) The tax-avoiding Cayman Islands trust managed by the Canadian “ministers ” Justin Trudeau's chief moneyman.
6) The Formula One champion Lewis Hamilton avoided taxes on a PS17m plane utilizing an Isle of Man scheme.
7) A previously unknown $450 m offshore trust that has sheltered the wealth of Lord Ashcroft.
8) Oxford and Cambridge and top US universities expended offshore, with some of the money going to get fossil fuel industries.
9) The man managing Angola's sovereign wealth fund invested it in projects he stood to profit from.
10) Apple secretly moved parts of its empire to Jersey after a row over its taxation affairs.
11) How the sportswear giant Nike stays one step ahead of the taxman.
12) The billions in tax refunds by the Isle of Man and Malta to the owners of private planes and luxury yachts.
13) Offshore cash helped money Steve Bannon's assaults on Hillary Clinton.
14) The secret loan and alliance used by the London-listed multinational Glencore in its efforts to secure lucrative mining rights in the Democratic Republic of the Congo.
15) The complex offshore webs used by two Russian billionaires to buy stakes in Arsenal and Everton football clubs.
16) Stars of the BBC made sitcom Mrs Brown's Boys employed a web of offshore companies to avoid tax.
17) British celebrities including Gary Lineker employed an arrangement that let them avoid taxation when selling homes in Barbados.
18) Prominent Brexit campaigners have set fund offshore.
19) An ex-minister who defended tax avoidance has a Bahamas trust fund.
20) The Dukes of Westminster pumped millions into secretive offshore firms.
21) A tax haven lobby group boasted of ‘superb penetration' at the top of the UK government before a G8 summit that was expected to bring in greater offshore transparency.
22) The statute firm at the centre of the Paradise Papers leak was criticised for ‘persistent failures' on terrorist financing and fund laundering regulations.
23) Seven Republican super-donors maintain fund in taxation havens.
24) A top Democratic donor built up a vast$ 8bn private wealth fund in Bermuda.
25) The schemes used to avoid tax on UK property bargains.
26) The celebrities, from Harvey Weinstein to Shakira, with offshore interests.
27) How a private equity firm tried to extract PS890m from a fighting care home operator by making it take out a costly loan.
28) Trump's close ally Robert Kraft, the New England Patriots owner, is the longtime owner of an offshore firm.
29) One of the world's biggest touts used an offshore firm to avoid taxation on earnings from reselling Adele and Ed Sheeran tickets.
