Ordered that on the Court's own motion, the notice of appeal from the order entered November 2, 1998, is treated as an application for leave to appeal, and leave to appeal is granted (see, CPLR 5701 [c]); and it is further,
Ordered that the order is reversed, on the law, with costs, and the appointment of the receiver is vacated.
The plaintiff was formerly the North American distributor of watches for the defendant Rotary Watches Ltd., a London-based...
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