Appleby has reached a settlement with the BBC and the Guardian over its breach of confidence claim resulting from the Paradise Papers.

Appleby said that its main objective was to “understand which of its confidential and privileged documents had been taken so that Appleby could for example respond meaningfully to clients, regulators and colleagues about what information, relating to them, has been taken.”

It said that the BBC and Guardian had explained which documents had been used to “underpin” their work. Appleby added this was done in such a way as not to compromise “their jour...