Was initially thinking both parties display poor judgement and still do, with the driver being a little hard done by to be fair.
After some thought though probably not. Whether there was an obstacle on their side of the road or not causing them to move over, the driver should have stopped or at the very least slowed down. Whether intentional or simply a mistake by poor judgement they have paid the price and hopefully they learn from it. Cyclists are more vulnerable and the outcome could have been far worse.
That being said the cyclist has moved over, presumably out of the parked cars door zone which in itself is fine, however they are positioned more towards the centre line than I would have been in that situation. It looks a tight road and I would have been more concerned of the oncoming car and either stayed further to the left or stopped, whether I had the right of way or not.
If I were making assumptions I would say the driver felt they had right of way due to the parked car and shot through as they did to prove a point without little care or thought to the cyclists safety as some drivers do.
The cyclists rode through as they did and how it is suggested they should do, without further thought or some self preservation as some cyclists do.
Still poor judgement by both parties imo but probably the right outcome in terms of penalty given.
A longer video may aid to make a more informed judgement though.