In so far as the fungibility aspect is concerned, First Consulting had, in the view of the Commission, not recognised that the asset was not sellable but that, by law, it was possible to withdraw it from WestLB and reinvest it elsewhere.
Vahetatavuse aspektist lähtudes ei olnud First Consulting komisjoni arvates aru saanud, et vara ei olnud müüdav, vaid et seda võis õigusakti muudatusega kõrvaldada WestLB-st ja reinvesteerida mujale.