After failing miserably at getting Shadow Vault to work (Apparently my Nvidia card doesn't like it and gives me a: 'create texture failed DDERR_INVALIDPARAMS' error) I decided this game was too new to have not been patched...
This is what I found in the official developer site (http://www.mayhem.sk/index.php?page=download):
"In case you bought Shadow Vault from the SFI company (Canada, USA), please, demand your money back. SFI issued the game without valid contract with Mayhem Studios s.r.o., and published a two years old beta version. This version is almost unplayable and playing it will only spoil your enjoyment from the game."
Sadly, the game on Adventure Legends (which was released by PHXISO) is indeed from SFI (Strategy First Inc.)
Thanks for the effort guys, but if the links for this one go down, I'd suggest you keep them down...