The new rhodium(III) complexes [Rh(η2‐nqo)L2Cl2] (1a−1d) and [Rh(η2‐nqo)2LCl] (2b−2d) [1a, L = PPh3; 1b,2b, L = pyridine (py); 1c,2c, L = 4‐phenylpyridine (ppy); 1d,2d, L = 4‐acetylpyridine (apy)] have been prepared by treatment of the reaction mixture of RhCl3·3H2O and 1,2‐naphthoquinone‐2‐oxime (nqo) in ethanol by P or N donor ligands. Cyclic voltammetric studies show that the new complexes display an irreversible metal‐localised two‐electron reduction from RhIII to RhI, accompanied by the loss of the chloride ligands. The 1,2‐naphthoquinone‐2‐imine (nqi) complexes [Rh(η2‐nqo)(η2‐nqi)Cl2]·L (3b−3d) (3b, L = py; 3c, L = ppy; 3d, L = apy), [Rh(η2‐nqo)(η2‐nqi)Cl2] (4) and [Rh(η2‐nqo)2(nqi)Cl] (5) were obtained by deoxygenation of the oxime group in which N−O bond cleavage is observed. The molecular structures of 1a, 2b, 4 and 5 were established by single crystal X‐ray analyses.