LEGAL ISSUES OF THE APPLICATION OF PRINCIPLE OF CONFIDENTIALITY IN INTERNATIONAL COMMERCIAL ARBITRATION

Abstract

In this article, the authors describes the concept of the principle of confidentiality in international commercial arbitration, its history, its legal description, comparative legal analysis, and issues related to the practical aspects of the application of these cases. In addition, it analyzes the scope of documents and persons related to the principles of confidentiality and inviolability and identifies the problems of maintaining confidentiality in the practice of international commercial arbitration. It pays special attention to the interrelationship between the principle of privacy and the interests of the state. Also, it gives a number of proposals aimed at eliminating existing shortcomings in the legislation on these cases. The purpose of the research work is to identify the participants in the arbitration proceedings, including exploring the scope of confidentiality that is binding on the parties and their representatives, the arbitral tribunal, arbitral institutions, and third parties such as witnesses and experts. The presumption of confidentiality exists in international commercial arbitration. However, case law is inconsistent regarding the purpose of arbitration and its interaction with confidentiality. This study focuses on the concept and function of confidentiality in relation to international commercial arbitration. The subject of the research work is the legal significance of the application of the principle of confidentiality in international commercial arbitration in the arbitration process, as well as international conventions on international commercial arbitration, national and foreign experience, judicial practice, theoretical knowledge, research, conceptual approaches, problems, and the scientific and theoretical views used in their study.