On September 19, 2001, the Claimant, Azurix Corp., a corporation incorporated in the State of Delaware of the United States of America (hereinafter “Azurix” or “the Claimant”), filed a request for arbitration against the Respondent, the Argentina Republic (hereinafter “Argentina” or “the Respondent”), with the International Centre for Settlement of Investment Disputes (hereinafter the “Centre”). Azurix claims that Argentina has violated obligations owed to Azurix under the 1991 Treaty Concerning the Reciprocal Encouragement and Protection of Investment between the Argentine Republic and the United States of America (hereinafter “the BIT”; bilateral investment treaties in general will be referred to as BITs), international law and Argentine law in respect of Azurix's investment in a utility which distributes drinking water and treats and disposes of sewerage water in the Argentine Province of Buenos Aires. Azurix alleges such breaches were made by Argentina both directly through its own omissions and through the actions and omissions of its political subdivisions and instrumentalities.