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What does “the Commission shall have no authority to decide on ‘ex aequo et bono’,” mean?

April 26, 2017authority Commission decide ET mean shall

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What does “the Commission shall have no authority to decide on ‘ex aequo et bono’,” mean?

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It means the Commission has no authority to delimit or demarcate the boundary on what it considers is “right and good”, but on what is based on the strict reading of the treaties that created it.