She demanded that she be acquitted.Hi Lukas,
From a Brit perspective (although I don't necessarily expect too many differences):
This construction is certainly used fairly often. It's correct, I think, and thus would always be used in a formal context. But it isn't so formal as to sound weird or stilted in a casual context.
If you wanted a more casual (and shorter) form, you'd probably say something like "She demanded her acquittal", but that isn't a very nice construction.
Actually I suspect your example sentence is already a shortening of:
She demanded that she
should be acquitted.
which fits better with wishes:
She wished that she could be acquitted
I wish that I could fly
I thought at first there must be loads of similar words, but I've struggled to find 'em...
Is this something to do with
active and
passive constructions ?
e.g.
I want to acquit him [ACTIVE]
I want him to
be acquitted [PASSIVE]
I want to
be acquitted [PASSIVE]
She demanded that the mistake be corrected = She demanded correction of the mistake
though that's also nouning the verb.
I'm getting rapidly lost in the intricacies.

Hope that helps a little bit, anyway!
Fisk