Ilyana Scherbakova

Associate, Moscow



Ilyana is an associate in our Energy, Infrastructure, Project and Asset Finance practice in Moscow. She has experience working on various cross-border transactions in connection with financing, sale and lease of aircraft, vessels, railway transport and other equipment. She is also involved in a range of acquisition and secured financing transactions involving Russian and international companies and financial institutions.

In addition to transaction work, Ilyana is involved in close collaboration with the Aviation Working Group (AWG) relating to implementation of the Cape Town Convention in Russia.

Ilyana is also actively works on pro-bono projects, including collaboration with Alliance for Financial Inclusion (AFI), Médecins Sans Frontières (MSF), Fundacion Igualitos/as and many others.

Bars and Courts
Qualified to practice law in the Russian Federation
Moscow State Academy of Law


Acting for international financial institutions and export credit agencies in respect of both debt-financing and refinancing transactions relating to aircraft on both finance and operating leases and other aircraft financing arrangements.

Advising ACG, BBAM, Boeing Capital and other operating lessors on the aircraft sale and lease to Russian airlines, including advising on regulatory issues, and customs matters.

Advising the owners and purchasers of private jets in connection with the sale, purchase and financing of private jets (including Gulfstream G450 and G650 jets).

Acting for international lessors in connection with repossession of aircraft from Transaero, the 2nd largest Russian airline, and VIM Avia, major Russian charter airline, and following bankruptcy proceedings of the airlines.

Advising VTB Bank in connection with secured term loan to SAFMAR Group for the purposes of financing the acquisition of a controlling stake in M-Video group.

Advised EBRD on a loan to a number of Russian water supplying companies for modernization of water infrastructure.