def METHOD_NAME(value):
    """Validate the correct format of a datetime string and deserialize."""
    from msrest.serialization import Deserializer
    from msrest.exceptions import DeserializationError
    try:
        datetime_obj = Deserializer.deserialize_iso(value)
    except DeserializationError:
        message = "Argument {} is not a valid ISO-8601 datetime format"
        raise ValueError(message.format(value))
    return datetime_obj