The claim shall be submitted to the arbitration panel in an informal manner and under such procedural rules as may be laid down by the Supreme Court, provided that strict adherence to the technical rules of procedure and evidence applicable in the case of jury trials shall not be required. Discovery shall be governed by the Vermont Rules of Civil Procedure. All testimony shall be under oath, and the right to subpoena witnesses and evidence shall obtain as in all proceedings conducted in the Superior Court. The right of cross-examination shall obtain as to all witnesses and parties, and such cross-examination shall be conducted in an orderly, dignified manner, subject to the control of the judicial referee. All parties shall be entitled, individually or through counsel, to make opening and closing statements. A transcript of the hearings shall be kept by a court reporter. The judicial referee shall retain custody of any exhibits admitted as evidence. (Added 1975, No. 248 (Adj. Sess.), § 1.)