Article 4. Basic principles of asset recovery The Law on the Return of Illegally Acquired Assets to the State

Home / RLA / Article 4. Basic principles of asset recovery The Law on the Return of Illegally Acquired Assets to the State

1. Asset recovery is based on the principles of:

1) legality;

2) the priority of stimulating the voluntary return of assets;

3) transparency, transparency and accountability;

4) the priority of protecting the rights, freedoms and interests of the participants in the process;

5) interaction between the state and civil society;

6) protection of civil turnover, the rights of bona fide purchasers and bona fide creditors;

7) proportionality (proportionality) of measures and mechanisms for asset recovery.

2. A person who has reported the facts of the illegal acquisition and withdrawal of assets or otherwise assists in the return of assets is under state protection in accordance with the Criminal Procedure Code of the Republic of Kazakhstan, the Law of the Republic of Kazakhstan "On State Protection of persons involved in criminal proceedings".

This Law, in the interests of current and future generations of Kazakhstanis, regulates public relations to identify and return illegally acquired assets to the state (hereinafter referred to as asset recovery) in order to restore the violated rights of the people of Kazakhstan, ensure the rule of law, social justice, and sustainable economic and social development of Kazakhstan for the benefit of its people.

President

Republic of Kazakhstan

Constitution Law Code Standard Decree Order Decision Resolution Lawyer Almaty Lawyer Legal service Legal advice Civil Criminal Administrative cases Disputes Defense Arbitration Law Company Kazakhstan Law Firm Court Cases