1. The Claimant, Enkev Beheer B.V., is a private limited liability company with its corporate seat in the Netherlands. The Claimant is represented by Mr. R. Schellaars and Mr. M. Raas, Simmons & Simmons LLP, Claude Debussylaan 247, 1082 MC, Amsterdam, the Netherlands, and by Mr. A. Kozlowski, Norton Rose Fulbright LLP, Warsaw, Poland.
2. The Respondent is the Republic of Poland, acting by the Public Solicitor's Office. The Respondent is represented by Dr. D.A.M.H.W. Strik, Linklaters LLP, Zuidplein 180, 1077 XV Amsterdam, the Netherlands, and Dr. C.W. Wisniewski, Linklaters LLP, Warsaw Towers, Sienna 39,00-121 Warsaw, Poland.
B. THE PARTIES' DISPUTE
3. The Parties' dispute arises out of the Claimant's investment in its Polish subsidiary, Enkev Polska S.A., a joint stock company with its corporate seat in L6di, Poland ("Enkev Polska"). Enkev Polska owns certain industrial facilities in the centre of L6di (the "L6df Premises") and holds a perpetual usufruct right to the property under Polish law for the use of the land as real property for 99 years. 1