The Biochemists Songbook MP3 Files has a new home
http://www.csulb.edu/~cohlberg/songbook.html
https://sites.google.com/view/biochemists-songbook
or
https://www.csulb.edu/chemistry-biochemistry/page/jeffrey-cohlberg-phd

The Michaelis-Arbuzov reaction is initiated with the SN2 reaction of the nucleophilic phosphite with the electrophilic alkyl halide to give a phosphonium intermediate. Triaryl phosphites, which are unable to perform the second step of the Michaelis-Arbuzov reaction, have been shown to produce stable phosphonium salts.Likewise, aryl and vinyl halides are unreactive towards phosphites.
The displaced halide anion reacts via another SN2 reaction with the phosphonium intermediate to give the desired phosphonate and another alkyl halide.
When chiral phosphonium intermediates are produced, it has been shown the halide substitution proceeds with inversion of configuration, as expected by a SN2 reaction.
I used to understand this…. not anymore…
Updated 2025, thanks Jeff
After April 5, 2025, the link won’t work. Try https://sites.google.com/view/biochemists-songbook or use the link from https://www.csulb.edu/chemistry-biochemistry/page/jeffrey-cohlberg-phd.
Thank you very much Jeff for the information, I’ll get on that and update the links.