For anyone having the problem described in the op:
(I think it will happen if you install the game to a directory other than the default one)
Go to the gu.exe (Support/GameUpdater/gu.exe)
Run it. Although it says it has updated, it actually hasnīt, but the updater is kept in users/yourname/AppData/Local/temp/ubi58AD.tmp
Run it. Now the game properly updates to v1.2
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