Water-soluble complexes of palladium(II) with phenanthroline-derivatives are stable, recyclable catalysts for the selective aerobic oxidation of a wide range of alcohols to aldehydes, ketones, and carboxylic acids in a biphasic liquid-liquid system. The active catalyst is a dihydroxy-bridged palladium dimer. Kinetics of the reaction, ligand and anion effects are discussed.
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Brink et al. (2002) studied this question.