Phospholipase A
2
s (phosphatide
sn
‐2 acylhydrolase, EC 3.1.1.4, PLA
2
) hydrolyze specifically the
sn
‐2 ester bond of phospholipids (PL). With some exceptions, they are Ca
2+
‐dependent enzymes. PLA
2
s are present in many organs and body fluids of vertebrates, invertebrates, and insects. They play an important role in the phospholipid digestion, remodeling, and metabolism, and are involved in human diseases such as acute pancreatitis, rheumatoid arthritis, respiratory distress, and acute chest syndrome. This review summarizes recent data on the biological function, amino acid sequence, classification, structure–function relationships, and 3D structures of PLA
2
s. Special attention is paid to the pharmacological activities of the snake venom enzymes. These hydrolases exert their activity through specific protein–protein interactions. Two types of structurally and functionally distinct receptors, N‐ and M‐type, were identified during the last decade and characterized. PLA
2
binding to its protein receptor can lead to cell damage, tissue necrosis, and other undesirable processes. The ‘interfacial activation’ of the enzymes and their participation in the interfacial catalysis are discussed. Protection of cell membranes from PLA
2
s is of medical importance.