I saw that too. I noticed it in the 'glass blowing' demo as well.Skin highlight blowout when hand catches the light. For example :20. DR questions.
I often wonder; Is highlight-clipping inherent to a particular sensor or is it the processing from the sensor?
I don't think it's lack of dynamic range. JVC/Altasens claims approximately 11.3 stops. That's close to Canon's C300 at 11.4 and better than the GH4's 10.9 (according to one source)
If it's due to how the signal is being processed, maybe this is something JVC can tame in the next few weeks(?)