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Arbitration proceedings are confidential

Strict confidentiality is agreed in most cases if this is not already stipulated in the rules of arbitration. Unlike in court proceedings open to the public, details that are confidential or potentially damaging to a party’s reputation, as well as the arbitral award itself, cannot become public knowledge.

Many companies consider this the most important benefit of the arbitration, which is rooted in commercial traditions. Confidentiality also makes it easier to preserve existing business relationships, especially because arbitration proceedings often end in an amicable settlement.