What are the ethical standards for arbitrators?

Arbitrators are expected to uphold high ethical standards to maintain the integrity of the arbitration process. The following ethical standards are typically required of arbitrators:

Impartiality

Arbitrators are required to be impartial and unbiased when making decisions. They must base their judgments solely on the evidence presented and not be influenced by external factors.

Confidentiality

Arbitrators must maintain strict confidentiality regarding the case they are presiding over. They are not allowed to disclose any information about the parties involved or the proceedings of the arbitration unless required by law.

Disclosure of Conflicts of Interest

Arbitrators are obligated to disclose any conflicts of interest that may arise. This includes any personal, financial, or professional relationships that could potentially impact their ability to remain impartial in the case.

Failure to adhere to these ethical standards can undermine the credibility of the arbitration process and lead to challenges of the arbitration award. Ethical behavior is crucial in ensuring fairness and upholding the integrity of the arbitration system.