Hi Ginger,

Yes paramount did all the work from original paintwork through to new livery.
No the decals aren't laquered over for several reasons. Practicality more than anything else. If the car sustains any damage, no matter how minor, then the decals can be replaced without the need to repaint/relaquer. And to be honest, the vinyl that Sando uses is very fine and doesn't really produce any visible step in the surface.

Mick