We present a review concerning the mechanism involved in the hydroxycarbony
lation of styrene. We discuss the intermediates proposed in the literature,
the effect of the acidic medium, the reactivity and kinetics, as well as t
he results of theoretical calculations on hydroxycarbonylation and related
reactions. We have performed an in situ high-pressure NMR study to obtain m
ore insight into the mechanisms that control the regio selectivity and have
assessed how this is affected by the phosphorus ligand and the catalyst pr
ecursor. We observed palladium hydride and palladium acyl species and we su
ggest a catalytic cycle involving palladium hydride, palladium alkyl, and p
alladium acyl intermediates.