Weil, Herbies help Cobra charm its way back to financial health.

The article reports on the victory of Herbert Smith and Weil Gotshal & Manges in acquiring roles in the administration and subsequent rebirth of Cobra in Great Britain. It states that Cobra has been placed into pre-packaged administration with debts of £100 million. In addition, Cobra has been transferred to a new company, after it has been placed into a pre-packaged administration.