I have no experience in Hibernate, so I don't know if you are free to change the DB at your will or if Hibernate requires a specific DB structure you cannot change.
If you can make changes then you can use this workaround in MSSQL tu emulate the ANSI behaviour :
drop the unique index/constraint
define a calc field like this:
alter table MyTable Add MyCalcField as
case when MyUniqueField is NULL
then cast(Myprimarykey as MyUniqueFieldType)
else MyUniqueField end
add the unique constraint on this new field you created.
Naturally this applies if MyUniqueField is not the primary key! :)
You can find more details in this article at databasejournal.com