A new hydrazone N′-(3-bromo-2-hydroxybenzylidene)isonicotinohydrazide (H 2 L) and its oxovanadium(V) complex, [VOLL′]·2H 2 O (L′ = 2-hydroxybenzohydroxamate), were prepared and structurally characterized by physico-chemical, spectroscopic methods, and single-crystal X-ray determination. The hydrazone coordinates to V through the phenolate oxygen, imino nitrogen, and enolate oxygen. The hydroxamate coordinates to V through the carbonyl oxygen and deprotonated hydroxyl oxygen. Vanadium in the complex is octahedral. The oxidation of olefins with the complex as catalyst was evaluated, which indicated that the complex showed catalytic efficiency in oxidation of several aliphatic and aromatic substrates under mild conditions, using tert-butyl hydrogen peroxide as oxidant.