Osakondadelt

Osakondadelt is a term used in Estonian law to refer to a specific type of legal entity. It translates to "departmental company" in English. Osakondadelt is a form of legal entity that is established by a public or private legal entity, typically a company or a state institution. The purpose of an osakondadelt is to carry out specific activities or projects on behalf of the parent entity, often with a limited scope and duration.

The establishment of an osakondadelt is governed by the Estonian Commercial Code and other relevant legislation. The parent entity has the authority to decide on the establishment, management, and dissolution of the osakondadelt. The osakondadelt operates independently in terms of its financial and legal affairs, but it remains subject to the control and supervision of the parent entity.

Osakondadelt can engage in various activities, including but not limited to, research and development, marketing, sales, and other business operations. It can also hold assets and enter into contracts, subject to the approval of the parent entity. The osakondadelt is responsible for its own debts and obligations, but the parent entity is liable for the osakondadelt's obligations to third parties.

The term "osakondadelt" is specific to Estonian law and is not widely used in other legal systems. It is an important concept in Estonian corporate law, providing a flexible and efficient way for entities to delegate specific tasks or projects to a separate legal entity.