ALEXANDROV&PARTNERS Associates Audit a Land Bank of Agricultural Company with Foreign Investments.
31 August 2016

ALEXANDROV&PARTNERS team, which included Oleksandr Sydorenko, Partner and Attorney, and Victor Myronenko, Junior Associate, audited a land bank of Ukrainian agricultural company with foreign investments.

In the course of the audit they established qualitative and quantitative features of land plots, the fact that areas of land plots specified in agreements did not comply with the actual areas, that real areas of cultivated land were overestimated, and that Company’s management implemented ineffective land bank management system.

Based on the results of the audit, the client was provided with recommendations related to: the need to make a strategic decision on further cultivation of “problem” land plots, risks related to cultivation of certain categories of land plots, increase of effectiveness of the land bank management system, as well as protection of Agricultural Company’s officers in the event any threats of legal liability arise.

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