Onshore-Basing
Onshore-basing is the term being used to describe the wholesale change in the manner in which CX is moving it's basing companies "onshore" in the areas of the world where it has based crew.
Until now, CX has employed its based crew within a HKG based company, VETA Ltd, and a number of other variations of that name/company. The claimed advantage was that this company was only subject to HKG law on a whole range of issues, including employment law, corporate taxation and company administration, etc. The point here is that the based crew were/are considered to be based-offshore by local authorities within the area or jurisdiction of their basing; UK, EU, Australia, New Zealand, Canada, USA.
The "onshore-basing" process will result in CX basing companies becoming legal entities within the jurisdiction of the base itself, i.e. the basing company that employs these crew with move "onshore". The legal ramifications of this could be extensive, so it's probably fair to say that CX will be doing everything in its power to minimise these ramifications. It may pay us all to equate "ramifications" to "responsibilities" when considering this change at hand.