From 1 July 2012, a new Labour Code is expected to
come into force, including rules for applying the new Code to
existing employment contracts.
The Code has not yet completed all the formalities
required for it to become law: it has been passed by Parliament and
the final text has been signed by the Speaker but it has not yet
been signed by the President or published in the Official Gazette.
It is, however, available on the Parliament website.
The new Code will apply to employment contracts
concluded before it comes into force, with certain qualifications
and exceptions:
- Notice is governed by the rules in effect when
the notice is communicated to the other party
- Internal policies and undertakings will be
treated for the first time as creating binding obligations, with
retroactive effect for those adopted before the new Code comes into
effect
