Forfeiture of Assets

RA 1379, forfeiture, state forfeiture, forfeiture of assets, government employee, corruption, ill-gotten wealth,

Forfeiture under Republic Act No. 1379: Presuming Unlawfully Acquired Wealth Manifestly Disproportionate to Lawful Income

The recovery and forfeiture of ill-gotten wealth acquired by government officials under RA 1379 extends not only to assets directly registered under the public officer’s name but also to properties intentionally concealed through registration in the names of other individuals.

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What is the rule concerning the forfeiture of assets of a corporation involuntarily dissolved for illegal acts?

What is the rule concerning the forfeiture of assets of a corporation involuntarily dissolved for illegal acts? If a corporation is ordered dissolved by final judgment for committing or aiding in securities violations, money laundering, or graft and corrupt practices, its assets, after payment of its liabilities, shall be forfeited in favor of the national

What is the rule concerning the forfeiture of assets of a corporation involuntarily dissolved for illegal acts? Read More »