Essentially Citigroup is contesting a decision made by Mr Bondi to exclude it from the list of Parmalat's creditors, a step that would, if upheld, keep the bank out of a future debt-for-equity swap prior to Parmalat's re-flotation on the stockmarket.

ECONOMIST: Parmalat

At the end of 1998, 72% of the creditor banks had agreed in principle to TPI's restructuring plan, which included an equity-for-debt swap.

CNN: HOW TO MAKE ENEMIES