Audit of 40 defence procurement offsets worth over 30 MEUR

Triniti

In March 2015, the offset obligation of ThalesRaytheonSystems to the Republic of Estonia was completed, thereby ending the biggest offset program in Estonia yet.
As of 2010 our law firm has assisted Enterprise Estonia to verify the conformity of the offset transactions conducted with manufacturers in Estonia to the offset contract by conducting respective audits.

In the last five years we consulted Enterprise Estonia and provided legal expert assessments for approximately 40 offset transactions and audited offsets worth ca 30 million euros.

Offset is a contractual provision in defence-related public procurements whereby the seller undertakes to buy goods or services from the purchasing country, make investments or offer marketing support.

Our advice to Enterprise Estonia was conducted in relation to the procurement contract entered into in 2009 between Republic of Estonian and the French company ThalesRaytheonSystems for the purchase of two 3D mobile radar systems with a total cost of 22 million euros.

The TRINITI audit team in the offset project included attorneys Mikk Põld and Karmen Turk and partner Tõnis Tamme.