The catalytic properties of systems based on [Pd(Cp)(L)n]m[BF₄]m (where Cp = η5-C5H5; n = 2, m = 1: L = tris(orthomethoxyphenyl)phosphine, triphenylphosphine, tris(2-furyl)phosphine (TFP), n = 1, m = 1: L = 1,1'-bis(diphenylphosphino)ferrocene, 1,3-bis(diphenylphosphino)propane, 1,4-bis(diphenylphosphino)butane, 1,5-bis(diphenylphosphino)pentane; n = 1, m = 2 or 3: L = 1,6-bis(diphenylphosphino)hexane) in the addition homoand copolymerization of norbornene (NB) and its derivatives have been studied. These complexes can be activated with the Lewis-acids (BF₃ ∙ OEt2 or AlCl3). The productivity of the [Pd(Cp)(PPh3)2][BF₄]/BF₃ ∙ OEt2 catalyst system in the polymerization of norbornene is up to 188800 molNB molPd⁻¹. The homopolymerization of 5-methoxycarbonylnorbornene and copolymerization of NB with 5-methoxycarbonylnorbornene or 5-phenylnorbornene were studied in the presence of BF₃ ∙ OEt2 and [Pd(Cp)(L)2][BF₄] (L = PPh3 or TFP). A hypothesis for the catalyst’s formation via the intramolecular rearrangement of the η5-Cp ligand into the η1-Cp form upon interaction with a Lewis acid is suggested. The structure of the [Pd(Cp)(TFP)2]BF₄ (I) was determined by X-ray diffraction. In the crystal structure of I, the palladium coordination sphere is characterized by a slight distortion of the square planar geometry of the central atom, and the cyclopentadiyl fragment is in an eclipsed conformation. Based on the XRD data, the steric hindrance of the TFP ligand was estimated (the cone angle is 149°).