(1) A court may make an order prohibiting a party to arbitral proceedings from disclosing confidential information in relation to the arbitral proceedings if:
(a) the court is satisfied in the circumstances of the particular case that the public interest in preserving the confidentiality of arbitral proceedings is not outweighed by other considerations that render it desirable in the public interest for the information to be disclosed; or
(b) the disclosure is more than is reasonable for that purpose.
(2) An order under subsection ( 1) may only be made on the application of a party to the arbitral proceedings and after giving each of the parties to the arbitral proceedings the opportunity to be heard.
(3) A party to arbitral proceedings may only apply for an order under subsection ( 1) if the arbitral tribunal has made an order under subsection 23E(1) allowing the disclosure of the information.
(4) The court may order that the confidential information not be disclosed pending the outcome of the application under subsection ( 2).
(5) An order under this section is final.