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Law Firm Collapse Impacts Tens of Thousands of People

An investigation into the collapse of PM Law is currently underway, according to the Solicitors Regulation Authority.

A significant number of ongoing legal cases have been affected by the unexpected shutdown of a prominent law firm, according to recent reports.

A large office building with the name “PM House” displayed prominently on its exterior. The building has a modern, rectangular design with multiple rows of windows and light grey cladding. In the foreground, a tall sign also reads “PM House” in blue lettering on a white background, framed by a dark blue border. Several cars are parked in front of the building, suggesting a business or office complex.
PM Law has its headquarters in Shepcote Lane, Sheffield

On 2 February, PM Law, based in Sheffield, ceased operations without prior notice, resulting in the loss of employment for hundreds of staff members and leaving numerous clients in limbo, including those in the midst of property transactions.

As a network of firms operating under a unified brand, PM Law maintained 24 offices across Yorkshire, Derbyshire, Cumbria, and Berkshire, specializing in areas such as personal injury claims, wills, and conveyancing services.

The Solicitors Regulation Authority (SRA) has issued a statement, noting that it has already provided emergency financial assistance to several clients and contacted over 100 individuals with pressing matters, following its intervention in the wake of the firm's closure.

Repeated attempts have been made by the BBC to establish contact with PM Law at its Sheffield headquarters, via various channels including in-person visits, phone calls, and emails.

Additionally, inquiries have been directed to the firm through the SRA and the appointed intervention agent, Gordons LLP, as well as to senior staff members via the professional networking platform LinkedIn.

The SRA has announced that it has taken control of the firm's files and finances, including client funds, in the aftermath of the closure.

Paul Hastings, Director of Client Protection at the SRA, stated that the intervention agent has identified tens of thousands of active cases, many of which involve sensitive matters such as personal injury claims, property sales, and probate issues.

Hastings assured clients that the SRA's agents are working diligently to review the files and establish contact with affected individuals, acknowledging the potential stress and uncertainty caused by the situation.

The primary objective is to reach all clients as soon as possible, prioritizing those with the most urgent needs, such as facilitating house moves for clients who have already exchanged contracts, for which emergency grants have been made.

According to the firm's website, PM Law had a workforce of over 600 employees across various firms, including Proddow Mackay, Butterworths Solicitors, WB Pennine Solicitors, and Angela Viney Conveyancing Services.

A sheet of white paper taped to the inside of a glass door or window. The notice is printed in large text at the top with the heading “IMPORTANT NOTICE”, followed by smaller text explaining that, due to regulatory matters, the businesses operating from the building can no longer trade. The sign also provides an email address for staff from PM Law and associated businesses to contact.
A notice taped to the window at the firm's headquarters in Sheffield said it had ceased trading due to "regulatory matters"

For clients like Rich Fifield, from Essex, the financial and emotional burdens persist.

Fifield reported that he was left liable for two mortgage payments after Valerie Holmes Law in Brighouse failed to utilize his funds to settle his existing mortgage before ceasing operations.

As a consequence, he is now facing a monthly payment of nearly £3,000.

Gordons LLP, the appointed intervention agent, advised Fifield to submit a claim to the SRA's compensation fund for the missing £175,000 mortgage funds.

Fifield submitted his application the previous Friday and has thus far only received an automated response indicating a 10-week waiting period before his application is assigned to a caseworker.

The uncertainty surrounding the recovery of his funds has caused significant distress for Fifield.

To date, the SRA has received over 50 applications for its compensation fund, with some emergency payments currently being processed.

The SRA has notified more than 100 courts nationwide about the closure of PM Law and its potential impact on urgent litigation matters.

The authority's investigation into the firm is ongoing, with efforts being made to gather all relevant information promptly.

Further information on the support services offered by Gordons LLP to affected clients is available on the firm's website.

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Business

Veteran Designer of Hello Kitty Retires After 46-Year Tenure

Under Yuko Yamaguchi’s guidance, the feline character achieved global icon status.

After a 46-year tenure, the creator of Hello Kitty is relinquishing her design role, marking the end of an era for the beloved character that has become a global phenomenon.

A woman holds up a Hello Kitty soft toy to take a photo with her phone. Behind the toy there is a large pink Hello Kitty head
Hello Kitty is a globally recognised brand

In 1980, Yuko Yamaguchi assumed design responsibilities for Hello Kitty, a character that, despite being commonly perceived as a feline, is actually a little girl from London, five years after the character's initial launch.

During Yamaguchi's four-decade stewardship, Hello Kitty has evolved into one of the most successful franchises worldwide, with its popularity extending far beyond its origins in Japan.

Sanrio, the company behind Hello Kitty, has expressed its gratitude to Yamaguchi, stating that she has "passed the torch" to the next generation of designers.

The launch of Hello Kitty coincided with the rising global popularity of Japanese 'kawaii' culture, a distinctively feminine and youthful aesthetic that has become a cultural phenomenon.

Yamaguchi often embodied the Hello Kitty spirit by wearing dresses inspired by the character and styling her hair in buns, reflecting her deep connection to the brand.

Now 70, Yamaguchi has been credited by Sanrio with transforming Hello Kitty into a universally beloved character, as noted on the company's website.

Sanrio has announced that one of its designers, known by the pseudonym "Aya", who has been working alongside Yamaguchi, will take over as the lead designer by the end of 2026.

Although Yamaguchi is stepping down from her design role, she will remain with Sanrio to offer guidance and support.

Hello Kitty first appeared on a coin purse in 1974, but it was in 1980 that the character began to gain widespread recognition, eventually becoming a global marketing sensation.

The character has been featured on a wide range of products, including clothing, accessories, video games, and even an Airbus plane, and has partnered with notable brands such as Unicef, Nintendo, and Balenciaga, as well as making an appearance as a float in the Macy's Thanksgiving Day Parade.

Hello Kitty-themed cafes can be found worldwide, and there is a dedicated theme park in Japan, with another park slated to open in China.

Unlike other popular Japanese exports, such as Pokemon, Hello Kitty has a relatively minimal backstory, with Sanrio describing her as "not quite a cat, but not a human either".

According to Sanrio, Hello Kitty was born in London, has a twin sister named Mimmy, and a boyfriend named Dear Daniel, although these details are not widely emphasized in the character's marketing.

A Warner Bros film featuring Hello Kitty is scheduled for release in 2028, marking the character's cinematic debut, although she has previously appeared in several animated series, always without speaking, due to her design lacking a mouth.

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Business

US inflation slows as used vehicle prices decline

According to the most recent official data, prices increased by 2.4% over the 12 months ending in January, marking the smallest gain since May.

The US experienced a slowdown in inflation last month, driven by decreases in energy and used car prices.

A person in a black and white striped shirt with a pony tail walks past a parking lot of used cars. There is a large American flag hanging under the sign and a large white truck on display.

According to the Labor Department, the consumer price index increased by 2.4% over the past 12 months, ending in January, marking a decline from the previous month's 2.7% and the slowest rate since May.

This development may support the argument made by US President Donald Trump and others that the central bank has the flexibility to lower interest rates without triggering a surge in prices.

However, analysts caution that progress toward the Federal Reserve's inflation target of 2% may be hindered in the coming months if companies begin to pass on tariff costs to consumers more extensively.

Neil Birrell, chief investment officer at Premier Miton Investors, noted that the impact of tariffs remains uncertain and pointed out other data anomalies that could have influenced the January figures.

Birrell stated that the January report is likely to pave the way for a potential rate cut in the near future.

He added that the US economy appears to be performing well, with strong growth, stable inflation, a robust job market, and a Federal Reserve that has the ability to adjust its policies as needed.

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Artist Alleges AirAsia Used His Work Without Permission

A street artist from Penang has reported that one of his artworks has been replicated and featured on the design of an airplane.

A lawsuit has been filed by a Malaysian-based artist against AirAsia and its parent company, Capital A Berhad, alleging unauthorized use of the artist's designs on one of the airline's planes.

A low-resolution image of an AirAsia aircraft with artwork children cycling printed on its side. The passenger plane is pictured parked in an airport
Artist Ernest Zacharevic is sueing AirAsia over the use of a livery on one of its jets in 2024

According to the lawsuit, Ernest Zacharevic, a Lithuanian-born artist residing in Penang, claims that his 2012 street mural, Kids on Bicycle, was reproduced and displayed on an AirAsia aircraft in late 2024 without his permission.

Zacharevic states that the use of his design was unauthorized, and no licensing agreement or consent was obtained, adding that the livery was removed after he publicly expressed concerns about the matter.

The BBC has reached out to AirAsia for a statement regarding the allegations.

In an interview with the BBC on Thursday, Zacharevic recalled that he first became aware of the alleged copyright infringement in October 2024, when he discovered that an AirAsia plane was featuring a livery resembling his artwork.

With over a decade of experience in Malaysia, Zacharevic is known for his roadside murals in Penang, which have become a staple of the local art scene.

One of Zacharevic's notable works is the 2012 street mural Kids on Bicycle, created for a local festival, which features two children on a bicycle integrated into the mural, located in George Town's heritage district.

The mural has become a popular tourist attraction, with many visitors taking photos in front of the iconic artwork.

Zacharevic alleges that his work was reproduced on an AirAsia plane without his knowledge or consent, and he personally witnessed the plane in operation at an airport.

Recalling the incident, Zacharevic expressed his discomfort with the situation, which occurred in 2024.

He took to social media to address the issue, posting a photo of the plane and tagging the airline, suggesting that they needed to discuss the use of his artwork.

A photograph of a wall mural, depicting two children in white tops. The images in painted to show the children seated on a real-life bicycle.
Zacharevic painted Kids on Bicycle, a famous wall mural in Penang, in 2012

Since then, Zacharevic has engaged in discussions with the company, but they have been unable to come to a mutually agreeable resolution.

This is not the first instance of Zacharevic's work being used in connection with AirAsia, as he claims the airline has also used his artwork on a delivery bag for its food services arm.

Court documents reveal that Zacharevic had previously discussed a potential collaboration with AirAsia in 2017, where he would create art for the airline's jets and a mural in one of their offices.

According to the documents, Zacharevic had informed the airline of his work and business rates during these discussions.

The lawsuit asserts that despite being aware of Zacharevic's work and rates, the airline proceeded to reproduce and publicly display one of his notable works, thereby infringing on his copyright and moral rights.

As the largest low-cost carrier in Asia, AirAsia operates over 200 jets to more than 100 destinations, and has recently announced plans to resume flights from Kuala Lumpur to London via Bahrain.

Zacharevic has stated that he will leave it to the court to determine any potential compensation he may be entitled to.

The artist emphasized that he does not consider the use of his artwork to be a mere reference to cultural or geographical associations, but rather a distinct artistic creation.

Zacharevic stressed that his artwork is the result of years of professional training, skill, and labor, and should be recognized as such.

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