A Kilkenny man is behind the Rodolphus Allen trust, which it appears is prepared to use ancient legal argument to separate millions of euros worth of debts from the distressed properties to which they are linked.
The trust has attracted developers, farmers, and businessmen with debts on large property portfolios.
According to the trust’s organiser, landscape gardener Charlie Allen Sr from Inistioge, it has accepted assets worth up to €2bn from at least 2,000 debtors. It has yet to be tested in court despite an ongoing stand-off with receivers regarding the occupation of a Kildare stud farm. At a recent protest at the Kildare property, the trust’s organisers cited Brehon and common law but has so far refused to make its legal arguments public.
Official trust documents include an affirmation which includes a committment to try and ‘identify, engage and fulfil our true purpose on this planet, as unique fragments of Divine Consciousness, in our eternal spiritual quest for self-realisation’.
The trust deeds cited an affiation with the Universal Community Trusts, a loose international organisation that is linked to the freeman of the land philosophy and does not fully recognise nation states.
The trust has not explained the formula it believes will defeat lenders when it is challenged and has yet to be challenged.