||Act No. 77 of 1993 on the legal status of employees in the case of new ownership of companies.
||Human rights; Conditions of employment; Labour contracts
|Type of legislation:
|Entry into force:
||Lagasafn, 1995, Ministry of Justice, Reykjavik, Iceland, ISBN: 9979-884-01-0, pp. 746-747
||The provisions do not apply either in the case of bankruptcy nor regarding vessels. The change of ownership or the merging of companies shall not affect the rights of the employee according to his labour contract.