Premiere elements 12 won't run

Hello.
I have an issue with my Adobe Premiere Elements 12.
Purchased bundle Photoshop Elements and Premiere Elements year ago and installed with no problems.
Did not use Elements till now and when run it, it requested log in to Adobe account which I did, asked for my incense which I added but after that it started from the very beginning asking for logging in etc.
So I un-installed it and re-installed. No issues whatsoever. Then asked to provide license detail, everything ok. When pressed Accept T&C the Premiere shuts down.
When restarted the same thing happens - it asks for license then shuts down. I can't make it run.
-PremiereElements_12_LS26_win64
-Win 7 Home Premium 64bit.
Can anyone comment on this one? 

reset your preferences -
adobe media encoder: https://forums.adobe.com/thread/1713540
after effects:  http://helpx.adobe.com/after-effects/using/preferences.html
dreamweaver:  https://helpx.adobe.com/dreamweaver/kb/restore-preferences-dreamweaver-cs6-cc.html
flash:  http://helpx.adobe.com/flash/kb/re-create-preferences-flash-professional.html
illustrator:  http://helpx.adobe.com/illustrator/using/setting-preferences.html
indesign:  https://forums.adobe.com/thread/526990
lightroom: https://helpx.adobe.com/lightroom/help/setting-preferences-lightroom.html
muse (mac): https://forums.adobe.com/thread/1246022?tstart=0
photoshop:  https://forums.adobe.com/thread/375776
photoshop elements:  http://www.photokaboom.com/photography/learn/Photoshop_Elements/troubleshooting/1_delete_p references_file.htm
premiere pro: http://www.mediacollege.com/adobe/premiere/pro/troubleshooter/trash-preferences.html
if you reset and that fails, uninstall, clean (Use the CC Cleaner Tool to solve installation problems | CC, CS3-CS6) and reinstall.

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