The globalization of trade and business is covertly altering the existing legal landscape. As a result of globalization, we have seen an increase in the circulation of goods, services, and financial arrangements across the entire world. Large publicly traded corporations are no longer the dominant force on the global stage. Business opportunities are being pursued by corporations that are privately held as well as publicly held through the use of branches, foreign subsidiaries, and joint ventures. In this article, we discussed a critical analysis in light of different cases, and for critical analysis, the qualitative research methodology has been applied.