Usman Sheikh

Usman M. Sheikh

Partner
Baker & McKenzie LLP

Biography

Usman Sheikh is Chair of the Blockchain, AI & Fintech Practice (Canada). He is a Partner in Baker McKenzie's Toronto office, a member of the Firm's Transactional Practice Group and is also a member of the Litigation and Government Enforcement Practice Group. He leads the Firm's blockchain team (consisting of over 150 lawyers) globally, and co-leads the Firm's artificial intelligence (AI) team in North America. A highly regarded thought leader on emerging technology, Usman is often called upon globally by heads of governments, as well as key regulatory and governmental bodies, to provide insight and strategic input on legal and regulatory developments relating to emerging technologies, including FinTech, blockchain technology / digital assets, artificial intelligence (AI), Web2/Web3, quantum computing and the internet of things (IoT).

Usman was named as one of the "Top 25 Most Influential Lawyers" by Canadian Lawyer (2018) and he is the only lawyer in Canada to be ranked Band 1 for FinTech by Chambers for five consecutive years (2020 - 2024). He was also recognized in Toronto Life's The Influentials 2021 list, an annual feature that highlights Toronto's most influential people over the last 12 months.

Author of over 25 legal and academic publications, Usman is set to publish The Law of Blockchain Technology (Thomson Carswell) in 2025.

As a global thought leader on emerging technology and digital transformation, Usman has addressed the International Monetary Fund (IMF), the Bank for International Settlements (BIS), the Financial Stability Board (FSB), the International Organization of Securities Commissions (IOSCO) and the Monetary Authority of Singapore (MAS). He has also co-lectured with the heads of blockchain for Nasdaq and the TMX, and has also presented to the Canadian Investment Regulatory Organization (CIRO) (then, IIROC and the MFDA), the Law Society of Ontario (LSO), the Royal Canadian Mounted Police (RCMP), the Chartered Professional Accountants of Canada (CPA), and several other regulatory and industry organizations on a range of topics including AI regulatory / legal developments, AI governance frameworks, decentralized finance (DeFi), crypto custody, digital wallets, NFTs, crypto exchanges (crypto asset trading platforms), the metaverse and more. Since 2019, Usman has also been serving as an Adjunct Professor with the University of Toronto (Faculty of Law), teaching a course entitled "Blockchain, Digital Assets, and the Law."

Practice Focus

Usman regularly advises clients on emerging technology matters, including artificial intelligence, blockchain and digital assets, FinTech, quantum computing, Web2/Web3 and internet of things (IoT)-related legal issues, both on corporate and litigation cases. With respect to blockchain mandates, he has provided legal counsel on cutting-edge token sales, NFTs, crypto exchanges and other digital asset trading platforms, blockchain-related mergers & acquisitions and cybersecurity breaches. With respect to artificial intelligence, he has provided advice on AI governance, AI-related disclosures, corporate governance, complex AI product counselling, AI procurement and contracting, AI M&A, data protection and privacy, and the protection of AI-generated works. He has also served as counsel on many of the most prominent and novel litigation matters in Canada involving emerging technologies. Over the year's Usman's clients have included Canada's largest banks and stock exchanges, co-founders of Ethereum, supranational organizations, tech giants, 12 of the largest crypto assets in the world, DeFi protocols, metaverse projects, digital wallet and crypto custody providers, social media platforms, sovereign wealth funds, universities as well as numerous fintech pioneers and innovative start-ups.

Professional Honors

  • Named as a top (Band 1) FinTech lawyer in Canada by Chambers for five consecutive years – 2019 to 2024
  • Best Lawyers in Canada for Fintech – 2023 and 2024
  • Recognized by Benchmark Litigation as a Litigation Star – 2023 and 2024
  • Recognized in the Canadian Legal Lexpert Directory for "Litigation – Securities" – 2021 to 2024
  • Recognized in Who's Who Legal: Fintech & Blockchain – 2021 to 2023
  • Toronto Life's The Influentials – 2021
  • Recognized by Lexpert as a Rising Star – 2019
  • Recipient of the South Asian Bar Association (SABA) Legal Excellence Award - 2018
  • Top 25 Most Influential Lawyers in Canada (Canadian Lawyer Magazine) – 2018
  • Awarded the Outstanding Subcommittee Chair Award by the American Bar Association (ABA) Litigation Section – 2016

Professional Associations and Memberships

  • American Bar Association
  • Canadian Bar Association
  • The Advocates' Society
  • Toronto Lawyers Association
  • Completed the Canadian Securities Course (CSC) and the Trader Training Course (TTC)

Corporate Responsibility

  • Canadian Friends of the LSE (CFLSE), the national alumni association for the London School of Economics and Political Science in Canada - Former National President
  • Ontario Securities Commission Litigation Assistance Program (LAP), a pro bono program (the first of its kind in North America) that provides free legal advice to unrepresented respondents appearing in OSC enforcement proceedings - Co-founder and former member
  • London Goodenough Association of Canada (LGAC) - Former Director

Education

  • University of Toronto (JD) (2005)
  • London School of Economics (MSc - International Relations) (2002)
  • McGill University (BA - First Class Joint Triple Honours, Political Science, Philosophy and History) (2001)