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[Long Aldridge & Norman Letterhead]
Exhibit 5.1
November 14, 2000
World Access, Inc.
945 E. Paces Ferry Road, Suite 2200
Atlanta, Georgia 30326
RE: REGISTRATION STATEMENT ON FORM S-4 OF WORLD ACCESS, INC.
Ladies and Gentlemen:
We have acted as counsel to World Access, Inc., a Delaware corporation (the
"Company"), in connection with a Registration Statement on Form S-4 (SEC
Registration No. 333-44864) (the "Registration Statement") and the filing
thereof with the Securities and Exchange Commission (the "Commission") for the
purpose of registering under the Securities Act of 1933, as amended, an
aggregate of 19,873,989 shares (the "Shares") of the Company's common stock,
$.01 par value per share. The Company proposes to issue the Shares in connection
with the TelDaFax Tender Offer (as defined below). Pursuant to the terms of a
Purchase and Transfer Agreement dated as of June 14, 2000 (the "TelDaFax
Purchase Agreement"), by and among the Company, TelDaFax Aktiengesellschaft
Marburg/Lahn, a German corporation ("TelDaFax"), Dr. Henning F. Klose, Apax
Germany II L.P., Apax Funds Nominees Ltd. fur "B" Account, Apax Funds Nominees
Ltd. fur "D" Account, AP Vermogensverwaltung Gesellschaft burgerlichen Rechts
and A+M GmbH & Co. Vermogensverwaltung KG, the Company expects to conduct a
tender offer for all of the issued and outstanding shares of TelDaFax not owned
by the Company or an affiliate of the Company (the "TelDaFax Tender Offer").
Our Opinion (as defined below) is furnished solely with regard to the
Registration Statement, may be relied upon only in connection with the
Registration Statement and may not otherwise be used, quoted or referred to by
or filed with any other person or entity without our prior written permission.
In rendering our Opinion, we have examined such agreements, documents,
instruments and records as we deemed necessary or appropriate under the
circumstances, including: (i) the Certificate of Incorporation and Bylaws of the
Company, in each case as amended through the date hereof; (ii) the Registration
Statement, (iii) the minutes of the proceedings of the Board of Directors of the
Company; and (iv) the TelDaFax Purchase Agreement. In making all of our
examinations, we assumed (x) the legal capacity of all natural persons, (y) the
approval by the stockholders of the Company of the TelDaFax Purchase Agreement
and the transactions contemplated thereby, and an amendment to Article IV of the
Amended Certificate of Incorporation increasing the number of authorized shares
of common stock from 150,000,000 shares to 290,000,000 shares, and (z) the due
filing of a certificate of amendment reflecting the increase to 290,000,000
shares of authorized common stock with the office of the Delaware Secretary of
State. We have also assumed the genuineness of all signatures, the authenticity
and completeness of all documents submitted to us as originals, the conformity
to the original documents of all documents submitted to us as copies, and the
authenticity of the originals of such documents. We further have assumed the due
execution and delivery of all documents by any persons or entities other than
the Company where due execution and delivery by such persons or entities is a
prerequisite to the effectiveness of such documents.
As to all questions of fact that are material to our Opinion, we have
relied upon the factual statements set forth in a certificate of an officer of
the Company and certificates of various public officials. We have not
independently verified or investigated, nor do we assume any responsibility for,
the factual accuracy or completeness of such factual statements.
Because the Company is organized under, and the subject of our Opinion
therefore is governed by, the General Corporation Law of the State of Delaware
(the "Delaware Code"), we do not herein express any opinion concerning any
matter respecting or affected by any laws other than the laws set forth in the
Delaware Code that are on the date hereof in effect and that, in the exercise of
reasonable professional judgment, are
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World Access, Inc.
November 14, 2000
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normally considered in transactions such as those contemplated by the issuance
of the Shares. The Opinion hereinafter set forth is based upon pertinent laws
and facts in existence as of the date hereof, and we expressly disclaim any
obligation to advise you of changes to such pertinent laws or facts that
hereafter may come to our attention.
The only opinion rendered by this firm is in numbered paragraph (1) below
(our "Opinion"), and no other opinion is implied or to be inferred.
Additionally, our Opinion is based upon and subject to the qualifications,
limitations and exceptions set forth in this letter.
Based on and subject to the foregoing, we are of the opinion that:
(1) The Shares to be issued in exchange for the shares of TelDaFax capital
stock tendered pursuant to the TelDaFax Tender Offer, when issued in accordance
with the terms of the TelDaFax Purchase Agreement, will be validly issued, fully
paid and nonassessable.
We hereby consent to the filing of this letter as an exhibit to the
Registration Statement and to the reference to our firm under the heading "Legal
Matters" set forth in the prospectus forming a part of the Registration
Statement.
Very truly yours,
LONG ALDRIDGE & NORMAN LLP
By:/s/ Leonard A. Silverstein
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Leonard A. Silverstein
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WORLD ACCESS, INC.
CERTIFICATE OF OFFICER
The undersigned, MARK A. GERGEL, in his capacity as Executive Vice
President -- Business Development of World Access, Inc., a Delaware corporation
(the "Company"), does hereby certify as follows:
1. Attached hereto as Exhibit A is a true and complete copy of the
Certificate of Incorporation of the Company, including all amendments and
changes thereto, or restatements thereof. No amendment or other document
relating to or affecting the Certificate of Incorporation of the Company has
been authorized or filed in the office of the Secretary of State of the State of
Delaware since June 29, 1999, and such Certificate of Incorporation is in full
force and effect on the date hereof.
2. The Company has at all times had a registered agent and office in the
State of Delaware. The Company has filed or caused to be filed all tax returns,
annual reports and other filings which are required to be made or filed with the
State of Delaware, and all of such filings have been made or effected in a
timely manner. The Company has not received any notice from the Secretary of
State of the State of Delaware of a determination that any grounds exist for
administratively dissolving the Company or any of its subsidiaries and neither
the Company nor any of its subsidiaries has received notice of the commencement
of any action to judicially dissolve the Company or any of its subsidiaries. The
Company remains in good standing in the State of Delaware.
3. No proceeding for the dissolution, merger, consolidation or liquidation
of the Company or for the sale of all or substantially all of its assets is
pending or, to the best of my knowledge, threatened, and no such proceeding is
contemplated by the Company.
4. Attached hereto as Exhibit B is a complete and correct copy of the
Bylaws of the Company as in full force and effect on the date hereof, and no
proposal for any amendment to such Bylaws of the Company is currently pending.
5. The minute books and records of the Company relating to all proceedings
of the stockholders, the Board of Directors and the committees of the Board of
Directors of the Company and its subsidiaries, as the same have been made
available for review by Long Aldridge & Norman LLP, counsel for the Company, are
the original minute books and records of the Company, or are true, correct and
complete copies thereof, with respect to all proceedings of such stockholders,
Board of Directors and committees. There have been no material changes,
additions or alterations in the minute books, records and other documents that
have not been disclosed to such counsel in writing.
6. The Company and its subsidiaries are duly qualified to do business in
all states in which they are required to be so qualified, except where the
failure to so qualify would not have a material adverse effect on the condition
(financial or other), business, properties, net worth or results of operations
of the Company and its subsidiaries, taken as a whole.
7. Attached hereto as Exhibit C is a complete and correct copy of the
minutes of the meeting (the "Minutes") of the Board of Directors of the Company
dated as of February 11, 2000 relating to the preparation and filing with the
Securities and Exchange Commission of a Registration Statement on Form S-4 (the
"Registration Statement") for the purpose of registering under the Securities
Act of 1933, as amended, shares of the Company's common stock, $0.1 par value
per share, in accordance with the terms of a merger transaction with STAR
Telecommunications, Inc. and a merger transaction with Communication TeleSystems
International d/b/a WORLDxCHANGE Communications (collectively, the "Mergers").
The Minutes were executed in compliance with all procedural or other
requirements of the Company's Certificate of Incorporation and Bylaws and the
Delaware General Corporation Law, as in effect on February 11, 2000. The Minutes
have not been modified or rescinded since their execution and are in full force
and effect as of the date hereof. The Minutes contain the only resolutions
adopted by the Board of Directors of the Company or any duly authorized
committee thereof relating to the Mergers and the transactions contemplated
thereby. The foregoing actions of the Board of Directors are accurately
reflected in the minute books of the Company.
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8. Each person who, as a director or officer of the Company or
attorney-in-fact of such director or officer, approved the Mergers, signed the
Minutes or signed any other document delivered prior hereto or on the date
hereof in connection with the transactions described in the Registration
Statement was at the respective times of such approval or signing and delivery
and is now duly elected or appointed, qualified and acting as such director or
officer or duly appointed and acting as such attorney-in-fact, and the
signatures of such persons appearing on such documents are their genuine
signatures.
9. The Company is subject to the reporting requirements of Section 13 of
the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and during
the preceding 12 months, the Company has filed all reports and other materials
required to be filed pursuant to the requirements of the Exchange Act.
10. No consent or state or federal governmental approval or consent is
required on the part of the Company for the Mergers, except such consents and
approvals as may be required under (i) domestic and foreign antitrust laws; (ii)
Blue Sky laws, federal securities laws or state securities governing the
issuance of securities pursuant to the Mergers and (iii) the Federal
Communications Commission.
The undersigned understands and acknowledges that this certificate will be
relied upon by Long Aldridge & Norman LLP in connection with its opinion to be
given pursuant to the Registration Statement.
IN WITNESS WHEREOF, I have hereunto signed my name as of this 14(th) day of
November, 2000.
/s/ MARK A. GERGEL
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Mark A. Gergel
Executive Vice President -- Business
Development
