A palladium-catalyzed asymmetric O À H insertion reaction was developed. Palladium complexes with chiral spiro bisoxazoline ligands promoted the insertion of a-aryl-adiazoacetates into the OÀH bond of phenols with high yield and excellent enantioselectivity under mild reaction conditions. This palladium-catalyzed asymmetric O À H insertion reaction provided an efficient and highly enantioselective method for the preparation of synthetically useful optically active a-aryl-aaryloxyacetates.Palladium is an indispensable and versatile catalyst in modern organic synthesis.[1] Palladium efficiently catalyzes the cyclopropanation of olefins with diazomethane, a widely used carbene-transfer reaction, [2] and various new palladiumcatalyzed carbene-transfer reactions based on migratory insertion have recently been developed.[3] However, asymmetric palladium-catalyzed carbene-transfer reactions are rare and remain a challenge. The early examples of palladium-catalyzed asymmetric carbene-transfer reactions involved cyclopropanations and carbenylative amination, however, the resulting enantioselectivity was unsatisfactory. [4] Recently, Hu and co-workers [5] reported highly enantioselective palladium-catalyzed three-component reactions of pyrrole, diazoesters, and imines. Herein, we report a palladiumcatalyzed asymmetric insertion of a-aryl-a-diazoacetates into the O À H bond of phenols (Scheme 1).[6] Palladium complexes with chiral spiro bisoxazoline ligands efficiently catalyzed the OÀH insertion reaction, which provides a new method for the preparation of a-aryl-a-aryloxyacetates 3 with good yields and excellent enantioselectivity under mild, neutral reaction conditions.The a-aryl-a-aryloxyacetate moiety is ubiquitous in biologically active molecules [7] and it is also present in a chiral solvating agent for NMR spectroscopy [8] (Scheme 1). The established methodologies for the synthesis of optically active a-aryl-a-aryloxyacetates are based on either multistep transformations from chiral starting materials or the use of chiral auxiliaries. [7,8] To our knowledge, no highly enantioselective catalytic asymmetric method for preparing these important compounds has been reported. [9] The challenges lie mainly in the high acidity of the ahydrogen of a-aryl-a-aryloxyacetates. Because these compounds readily epimerize under basic conditions or at high temperature, any reliable method for their preparation should involve mild, neutral conditions. The transition-metal-catalyzed OÀH insertion reaction meets this requirement. In 2006, Maier and Fu [6c] attempted an OÀH bond insertion reaction between a-diazo-a-phenylacetates and phenols by using chiral copper bisazaferrocene complexes as catalysts. However, the desired O À H insertion product (a-phenoxy-aphenylacetate) was obtained in 56 % yield with only 11 % ee. We [6d] and Uozumi and co-workers [6g] used chiral copper spiro bisoxazoline complexes and a chiral copper imidazoindolephosphine complex, respectively, for the same reaction and also obtained extremely l...