On 24 March 1999 the Claimant in this arbitration, SwemBalt AB of Karlskog, Sweden, issued a Notice of Arbitration to the Respondent, the Republic of Latvia. According to a letter dated 13 April 1999 from Jonas Jonsson, First Secretary at the Swedish Embassy in Riga, the Notice of Arbitration was sent to the Respondent on 9 April 1999. SwemBalt referred to Article 7 of the Investment Agreement between Latvia and Sweden (“Investment Agreement”) as grounds for arbitration, which provides as follows: