By Lise Lauridsen and Thomas Christian Thune
The Minister for Employment has just resubmitted the Bill on Restrictive Covenants to Parliament. If the Bill is passed, there will be significant changes to the legislation governing restrictive covenants.
The Bill on Restrictive Covenants which the Minister for Employment has just presented to Parliament is equivalent to the Bill which was introduced in March 2015. This means that the new Act - if passed in its current format - will replace the existing rules governing covenants in employment contracts which are in restraint of trade.