1. What is the applicable legislation? The main applicable legislation governing foreign investments into Portugal includes: • Regulation (EU) 2019/452 of the European Parliament and of the Council of 19 March 2019 establishing a framework for the screening of foreign direct investments into the Union (EU FDI Regulation 2019), as amended by Commission Delegated Regulation (EU) 2021/2126 of 29 September 2021 • Regulation (EU) 2022/2560 of the European Parliament and of the Council of 14 December 2022, on foreign subsidies distorting the internal market • Legal Framework for National Strategic Assets, approved by Decree-Law No. 138/2014, of 15 September 2014 (Decree-Law 138/2014), and • Portuguese Companies Code, approved by Decree-Law No. 262/86 of 2 September 1986, as amended In addition, there are several bilateral investment treaties (BITs) which might apply, depending on the jurisdiction of the relevant investor, and which Portugal has entered into for the mutual protection of investments. Portugal is currently a party to BITs with the following 49 countries: Albania, Algeria, Angola, Argentina, Bolivia, Bosnia-Herzegovina, Bulgaria, Cape Verde, Chile, China, Croatia, Cuba, Czech Republic, Egypt, Gabonese