What is the importance of confidentiality in an arbitration hearing?

Confidentiality is an important concept in arbitration hearings. In Delaware, any discussions held in a private arbitration hearing are strictly confidential, even if the case is eventually decided in court. This is beneficial because it encourages parties involved in a dispute to communicate candidly and openly discuss matters that could be beneficial to their case. Without the guarantee of confidentiality, parties might be hesitant to discuss matters openly. Confidentiality also allows parties to conduct private arbitration hearings more quickly and efficiently. The parties involved can make arrangements and decisions more quickly without worry about their discussions becoming public knowledge. This can ultimately save time and money for both sides. Finally, confidential arbitration hearings allow parties to keep disputes out of the public eye. This is beneficial to both sides, but especially to parties who have reputations to protect. It is much easier to reduce negative press from a dispute if it is handled within the confines of a private arbitration hearing. Ultimately, confidentiality is important in an arbitration hearing because it enables parties to discuss matters candidly and efficiently, potentially saving time and money, and helps keep disputes out of the public eye.

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