In the present review, we report the discovery of the formation of esters a
nd lactones by oxidation of ketones with a peroxide derivative, namely the
Baeyer-Villiger reaction. This reaction was first reported by Adolf von Bae
yer and Victor Villiger a century ago in 1899, just one year after the oxid
ant they used (KHSO5) has been described. Furthermore, Baeyer and Villiger
established the composition of this new inorganic peroxide and showed that
its instability was the reason of a controversy between several European ch
emists between 1878 and 1893, For the first 50 years the mechanism of the B
aeyer-Villiger reaction was a matter of debate. A side product, 1,2,4,5-tet
raoxocyclohexane, was ruled out as an intermediate in the ester formation b
y Dilthey. Criegee postulated a nucleophilic attack of the oxidant on the c
arbonyl group. This mechanism was confirmed by von E, Doering by a labeling
experiment with [O-18]benzophenone. The rearrangement step occurs with ret
ention of the stereochemistry at the migrating center. The competitive migr
ation and the rate-determining step are also discussed in this review.