Spatial objects: characteristics and valuation expertise in bankruptcy proceedings

Abstract

Accurately valuing a land plot during bankruptcy proceedings requires a comprehensive understanding of its physical and legal characteristics. To determine its true value, the land plot must be analyzed not just as a two-dimensional surface but as a spatial entity. This involves considering not only the legal rights, restrictions, and encumbrances associated with the plot but also any structures on or beneath it, the surrounding territories it intersects, and information not yet recorded in the Unified State Register but subject to registration. By interpreting a land plot through its spatial dimensions, it becomes possible to refine valuation data and more precisely assess its real value — both as a static asset (at a specific point in time) and as a dynamic resource (for future use or development).

References

1. Bevzenko, R.S. (2020). The principle of unity of fate of rights to a land plot and to buildings on it. Civil Law Review, 2. pp. 60–123 (in Russ.).
2. Kovaleva, A.M. and Dvoryadkin, K.S. (2015). Methods of calculation of adjustments to comparative approach to land valuation. International journal of applied and fundamental research, 4–1, pp. 112–115 (in Russ.).
3. Parkhomenko, D.V. (2024). Land management examination on integrated development of the territory cases. Bulletin of SGUGiT, Vol. 29, 5, pp. 158–166 (in Russ.).
4. Parkhomenko, D.V. (2024). Forensic land management examination methods review. Bulletin of SGUGiT, Vol. 29, 4, pp. 167–177 (in Russ.).
5. Samoilenko, D.V. (2024). The main tasks of land management examination that arise when considering disputes on boundaries and the placement of land plots. In I. Y., Svinarev (Ed.). Materials of the All-Russian (national) scientific and practical conference with international participation, dedicated to the 150th anniversary of the birth of A.G. Doyarenko (pp. 35–39). Moscow (in Russ.).
6. Tretyakova, D.V. (2019). 3D Cadastre and the Concept of a Unified Real Property Unit. Civil Law Review, 2, pp. 53–95 (in Russ.).
7. Frolov, I.V. (2022). The structure of the institutional model of legal regulation of the sphere of insolvency and bankruptcy of citizens. In V. G., Ivshin (Ed.). Collection of articles of the All-Russian scientific and practical conference dedicated to the 30th anniversary of the formation of the Arbitration Court in the Udmurt Republic (pp. 181–187). Izhevsk (in Russ.).
8. Anisimov, A., Ryzhenkov, A. and Menis, E. (2020). Acquisition of private ownership over land plots in Russia by virtue of acquisitive prescription: Issues and prospects. Journal of Property, Planning and Environmental Law, Vol. 12, 1, pp. 72–86.
9. Dixon, M. (2022). Mistakes, mispleading and overreaching: understanding title registration and correcting the register. Journal of Property, Planning and Environmental Law, Vol. 14. 1, pp. 1–10.
10. Jinwon, J. (2023). Methodology and framework of comparative urban planning law. Journal of Property, Planning and Environmental Law, Vol. 15, 2, pp. 45–62.
11. Knoll. A.M. (2024). Quality standards for tribunal decision making in strata disputes. Journal of Property, Planning and Environmental Law, Vol. 16, 1, pp. 3–19.