Publication
Essential Corporate News – Week ending 11 July 2025
On 1 July 2025, the Quoted Companies Alliance (QCA) published three new board committee guides to accompany the QCA Environmental and Social Guide published in December 2024.
The US crime-fraud exception to the attorney-client privilege
The recent seizure by United States federal agents of documents in the possession of President Trump’s personal lawyer, Michael Cohen, has generated much press and speculation concerning the scope of protection over those documents afforded by the attorney-client privilege. While many of those documents are reportedly unrelated to Cohen’s representation of President Trump, there has been speculation that some of the investigators’ focus is on possible campaign contribution violations. Reports of a US$130,000 payment allegedly made by Cohen to an adult film actress to obtain her silence could perhaps provide grounds for the assertion of such violations, depending on the source of those funds. In that event, according to continued press speculation, otherwise privileged communications between Trump and Cohen may lose their privileged status, should the court decide that the crime-fraud exception applies to documents dealing with that payment and the source thereof.
Co-Head of Litigation and Disputes, New York
Email
thomas.hall@nortonrosefulbright.com
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