You are correct Crab re the title but surely this one is early stages of VRS? Downwind approach with flare sounds like the set up to me.
It is one of the classic configurations used to showcase entry to VRS but I have done this myself (early days as a junior Sqn pilot into a field in NI full of troops) - my ambition exceeded my talent and I overtorqued the aircraft arresting the RoD before we hit the ground, coming to a low hover with a high heartrate!
The 412 is probably into IVRS - as was I - but I pulled enough power to muscle out of it, either he didn't pull hard enough or he did run out of engine muscle.