In U.S. Ice Cream Corp., et al. v. Carvel Corporation, et al. 136 AD2d 626, 523 N.Y.S.2d 869, the Second Department reversed the denial of a preliminary injunction by the trial court, where plaintiff sought to enjoin the defendant from terminating its exclusive license to sell licensed products in Israel. The court looked at the three well-established criteria for injunctive relief, to wit: the likelihood of success on the merits; the specter of irreparable damage; and the balancing of equities.