Can't add, can't edit terms in both Studio 2015 and Multiterm 2015 after SR1. "Value cannot be null. Parameter name: input"

Hi,
I'm new to the forum and also new and proud user of Studio 2015.
However, I have one big problem here. Whenever I wish to EDIT or ADD a term in my termbase - either from Studio 2015 level or in Multiterm 2015, I get this message: "Value cannot be null. Parameter name: input" and I can't do anything, but cancel editing.
Interestingly, adding and editing terms works with the older 4809 version, but (at least in my case) not with the newer one... I returned to 4809 and editing terms worked perfectly, then updated again to 4961.2 and... it's not working anymore.
Below is the link to the video to present my problem...
https://youtu.be/70KTb8k6QnA
I'd be so glad for any help.
Once again - adding and editing terms works only with 12.4809 but not with the new version...

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