A detailed mechanistic study on the M ukaiyam a epoxidation of lim onene with dioxygen as oxidant, bis(acetylacetonato)nickel(II) as catalyst, and an aldehyde as co-reagent is reported.All m ajor products of the reaction have been quantitatively identified, both with i-butyraldehyde and 2-methylundecanal as co-reacting aldehydes. Lim onene epoxide is form ed in good yield. The main products evolving from the aldehyde are carboxylic acid, CO2, C O , and low er m olecular w eight ketone and alcohol (K+A). A m echanism is proposed in which an acylperoxy radical form ed by the autoxidation of the aldehyde is the epoxidizing species. The observation of carbon dioxide and (K+A) in a 1:1 m olar ratio supports this mechanism. CO 2 and (K+A) are form ed in m olar amounts of 50-60% with respect to the am ount of epoxide produced, indicating that epoxidation not only takes place via acylperoxy radicals, but also via a peracid route.Cyclohexene epoxidation was also investigated with a num ber of different metal com plexes as catalysts. Cyclohexene is very sensitive for allylic oxidation, which provides inform ation about the action of the catalyst, e.g. metals which form strongly oxidizing stable high valence com plexes are more likely to induce allylic oxidation. Color changes in the reaction m ixture indicate the presence of such high valence species. In the case of nickel, it was found that high valence com plexes are absent during the reaction which is in line with the fact that this metal displays the highest selectivity for epoxide. A mechanism which accounts for the observations is presented.